Maiden Islamic ETF offers exposure to A-shares

Business | 12 Jul 2021 4:55 pm

Value Partners (0806) announced that its wholly-owned subsidiary, Value Partners Asset Management Malaysia, has launched a Shariah China A-Shares 100 ETF, the world’s first A-share ETF that tracks the performance of the Dow Jones Islamic Market China A-Shares 100 Index.

The Shariah China A-Shares ETF will hold every constituent of the benchmark index, having substantially the same weightings. The product is also Value Partners Malaysia’s first ETF to be listed on the local bourse, the asset manager said.

It provides exposure to China’s new economy.

The Shariah methodology adopted requires companies to be screened on two levels. The first is a sector-based screen, where companies in the sin sectors, such as alcohol, tobacco, and gambling, pork-related products, conventional financial services, and weapons and defense, are excluded. The second is a quantitative screening of liquidity and total debt, based on specified and approved metrics.

The ETF is managed by Value Partners Malaysia and holds physical shares as underlying investments.

 



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