MyETF Dow Jones Islamic Market Malaysia Titans 25, or MyETF-DJIM25 is the first Shariah Exchange Traded Fund (ETF) launched in Asia.
What exactly is an ETF? An ETF is essentially a unit trust fund that is listed and traded on a stock exchange and is designed to provide returns that closely correspond to the performance of a benchmark index – in this case, Dow Jones Islamic Market Malaysia Titans 25 Index .
An ETF provides investors, in a single transaction, a cost-efficient and convenient way to gain exposure to the basket of securities represented in the benchmark index.
Managed by i-VCAP Management Sdn. Bhd., the fund’s technical advisor is BNP Paribas Asset Management Sdn. Bhd., a member of the BNP Paribas Group which is one of the world’s largest ETF managers. The index provider is Dow Jones & Company, Inc., a leading provider of Shariah-compliant indices.