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UMMA

$--
--%
1d
1w
1m

Analysis and statistics

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About

The ETF with the ticker symbol UMMA.US refers to the Wahed FTSE USA Shariah ETF. This fund aims to track the performance of the FTSE USA Shariah Index, which consists of large and mid-cap U.S. companies that have been screened for compliance with Shariah law principles. This means the fund excludes companies involved in industries such as conventional finance, alcohol, tobacco, gambling, and weapons. UMMA provides investors with exposure to a diversified portfolio of Shariah-compliant U.S. equities, making it suitable for those seeking investments that align with Islamic ethical guidelines.
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Factors

The response should be on one line. Underlying Holdings Performance: UMMA.US price fluctuates based on the performance of the Shariah-compliant companies it holds.

Investor Demand: Increased buying pressure drives up the price, while selling pressure decreases it.

Expense Ratio: The ETF's operating costs can slightly impact returns and perceived value.

Market Sentiment: Overall market optimism or pessimism influences investor decisions regarding the ETF.

Currency Fluctuations: Changes in currency exchange rates affect returns, especially for international holdings.

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