Category: Exchange Traded Fund
Acronym: My-ETF DJIM 25
Benchmark Index: Dow Jones Islamic Market Malaysia Titans 25 Index. Among the 25 counters consist of Sime Darby Bhd, IOI Corporation Bhd, DiGi.Com Bhd, Kuala Lumpur Kepong Bhd, MISC Bhd, Gamuda Bhd, PPB Group Bhd, KNM Group Bhd, PLUS Expressways Bhd, dan SP Setia Bhd.
Investment Objectives: Tracking the benchmark index regardless of its performance.
Syariah Compliant: Yes
Listing: Main Board Of Bursa Malaysia
This is the first syariah compliant ETF to be launched in Asia. ETF is actually a unit trust fund that is listed and traded on a stock exchange and is designed to generally track the performance of a benchmark index.
Read: Official MyETF Website
6 Comments
aku masih belum faham konsep etf lagi
cuba cari artikel di investopedia. asasnya ia adalah public listed UT
Other than liquidity, why shud we invest in ETF? Also, I don’t quite get the concept. Kalau ETF ni nak match dengan index, does it matter when we buy? Ada market timing ke? Kalau UT, market timing doesn’t matter kan? Boleh explain, Pakdi?
next, the cost is cheaper. and also ETF more transparent than UT.
either UT or ETF, timing do make differences.
From my understanding, I do not think ETF is a unit trust fund as mentioned above. It might be similar to unit trust fund but the features and characteristics are different. For instance, ETF cannot be diversified as opposed to unit trust fund. Furthermore, if the present unit trust fund is still prevalent amongst investors, there isn’t a need to introduce a new concept to the market. The Shariah compliant ETF has been introduced before in the year 1998 and 2005. myETF is Asia’s first ETF which is Shariah compliant. Industry experts believes that with the current subprime mortgage crisis, myETF will attract investors especially from the Middle East with petrol money.
My-ETF DJIM 25 is now over-subscribed…..