Almalia to launch the world’s first actively managed global equity Shariah compliant ETF on London Stock Exchange
- Almalia
Sanlam Active Shariah Global Equity UCITS ETF (ticker: AMAL) to list on three
European exchanges in coming weeks
- AMAL UCITS ETF to be
compliant with Islamic Law
- AMAL UCITS ETF has
appointed Sanlam Investments’ UK award-winning Global High Quality equity team
to
manage the assets
- AMAL UCITS ETF will be the 10th
and first actively managed ETF on the HANetf platform since it launched its
first ETF in October 2018
28 September 2020, London
Later this week, the international financial services
group, Almalia, will launch the world’s first active global equity Shariah compliant ETF[1].
The Almalia Sanlam Active Shariah Global Equity UCITS ETF (the ETF) will launch
via the HANetf platform and will list on the London Stock Exchange later this week.
Almalia has selected Sanlam Investments UK to manage
the assets of the ETF based on the success of its award-winning Global High
Quality Strategy which was launched by Sanlam’s Global Head of Equities, Pieter
Fourie, in 2008. The ETF will form part of this strategy and will be managed by
Pieter along with his team of six investment professionals.
The ETF will aim to
achieve capital growth over the medium to long term, whilst complying with the Principles of Shariah
Investment. To this end, it will invest in companies with high returns on
capital and low leverage, as well as enduring business models with a
sustainable competitive advantage, producing significant free cash flow after
capital expenditure. Investment screening, to ascertain
the ETF’s on-going compliance with the Principles of Shariah Investment, will
be overseen by a Shariah Panel of scholars from Amanie Advisors with deep expertise
in Islamic Investment. Islamic financial products share four main features;
they are asset backed, ethical, share risks equitably and are subject to good governance.
The fund may be suitable for investors looking to access
an experienced active management team offering a high-quality strategy with the
efficiencies, flexibility and democracy that are inherent to the ETF structure.
Paul-David Oosthuizen, CEO of Almalia said: “We are proud to be the first to launch an actively managed
Shariah compliant global equities ETF. Our team is passionate about
values-based investing and providing innovative solutions to underserved
investors. This ETF may be suitable for investors looking for an actively
managed strategy with a focus on good governance, as well as those who wish to
invest in a Shariah compliant way.”
Pieter Fourie, Head of Global Equities at Sanlam said: “It is an incredibly exciting opportunity and privilege to
launch the world’s first actively managed Shariah compliant ETF The launch allows us the opportunity to
demonstrate that active management using high quality-based investment
principles within the parameters of a Shariah compliant universe can add
significant value to investors. With
this fund launch we believe an underserviced market can be given a better
outcome, by following the same strategy as our Global High Quality fund which
invests in businesses that have durable business
models, wide economic moats and the ability to deliver significant shareholder value
over the long term.”
Nik Bienkowski, Co-CEO of HANetf said: “We are delighted that Almalia chose us to help
them develop and launch the world’s first actively managed Shariah compliant ETF. Active ETFs are currently
relatively few in number but represent a huge growth opportunity. ETFs have firmly established their
credentials for basic beta exposure, and tomorrow’s battle grounds are
thematic, smart beta and ultimately active strategies. As the ETF industry continues to enjoy strong
growth, more active fund managers are looking to enter the sector and we look forward to helping them bring their strategies
to the European market.”
When you trade ETFs, your capital is at risk.
Product Information:
ETF |
EXCHANGE |
ISIN |
BB CODE |
SEDOL |
CURRENCY |
The Almalia Sanlam Active Shariah Global Equity UCITS ETF |
London Stock Exchange |
IE00BMYMHS24
|
AMAL LN |
BMDNKB0
|
USD |
The Almalia Sanlam Active Shariah Global Equities UCITS ETF |
London Stock Exchange |
IE00BMYMHS24
|
AMAP.L |
BMDNKC1
|
GBP |
The Almalia Sanlam Active Shariah Global Equity UCITS ETF |
Borsa Italiana |
IE00BMYMHS24
|
AMAL IM |
BMWTXS7
|
EUR |
The Almalia Sanlam Active Shariah Global Equity UCITS ETF |
Deutsche Boerse |
IE00BMYMHS24
|
ASWE GY |
BMWTXV0
|
EUR |
For more information, visit the Almalia Sanlam Active Shariah Global Equity UCITS ETF fund page.
About Almalia
Almalia is
a financial services group headquartered in the UK with a presence in the UAE.
Almalia's core focus is providing innovation within Islamic finance, to create
greater variety and global access to Shariah-compliant investment
opportunities. This core focus in underpinned by two themes namely wealth
creation and meaningful financial inclusion. www.almalia.com
About Sanlam
Sanlam Investments UK is the offshore
boutique asset management and fund business arm of the financial services
group, Sanlam Limited. Sanlam Investments UK manages over £5.3 billion in both single strategy
and long only funds, specialist multi-asset solutions and captive fund
solutions.
Sanlam Limited is an
international financial services group with a listing on the Johannesburg Stock
Exchange and a market capitalisation of £10.2 billion. Established in 1918, the group provides a range of
services to over 10 million clients globally, including insurance, financial
planning, investments and wealth management.