January 29, 2008 at 1:00 pm by Tom Lydon
Perhaps investors in the United States could see some benefit from an Islamic exchange traded fund (ETF) issued in another country.
How’s that? Economists and industry experts are saying that a new Islamic ETF issued in Malaysia will be good for the economy. Capital markets will get a lift, and foreign investments will increase, reports Tengku Noor Shamsiah for Bernama, because of the demand for Islamic-based products and ETFs.
While there is no Islam-focused fund available in the United States at the moment, investors might at least see Malaysia’s boost from its fund evidenced in the iShares MSCI Malaysia (EWM). Meanwhile, the wait for an Islamic ETF here continues. There are none currently in registration with the Securities and Exchange Commission (SEC).
Tags: Asia, Emerging Markets, Malaysia
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