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IPM launches first Sharia fundamental index

Posted on 15 April 2010

From Tradearabia.com: Swedish based investment manager Informed Portfolio Management (IPM) said it has developed the first Sharia compliant portfolio based on fundamental index methodology for the Sedco Group based in Saudi Arabia.

The mandate is based on a Global Sharia screened portfolio using FTSE Research Affiliates Fundamental Index (Rafi) Global Index weightings. Structured as a managed account, it joins the suite of IPM Rafi Funds in which many leading European institutional investors are invested, the company said in a statement…………………………………Full Article: Source

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