www.theislamicglobe.com - Two Shari’ah compliant global equity funds based in Singapore will be withdrawn from the May 9 this year.
Singapore Unit Trusts’ Ethical Growth fund and Ethical Value fund were launched at the end of July 2001. To date the cumulative performance of the two has fallen by 35.8% and 33.7% respectively, according to data from Lipper. The funds invested most heavily in the Technology, Oil & Gas and Basic Materials sectors. (source)
Singapore Unit Trusts’ Ethical Growth fund and Ethical Value fund were launched at the end of July 2001. To date the cumulative performance of the two has fallen by 35.8% and 33.7% respectively, according to data from Lipper. The funds invested most heavily in the Technology, Oil & Gas and Basic Materials sectors. (source)
