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Islamic Finance Briefing - Categorized | Funds, Market Moves more

Javelin to shut Shariah-based Islamic ETF

Posted on 17 September 2010

Javelin Investment Management has announced that its JETS Dow Jones Islamic Market International Index Fund will cease trading on October 19, 2010. Launched on July 1, 2009, the fund failed to attract the level of investor interest that had been anticipated.

“With over seven million Muslims in the United States, we believe that Shariah-based investing has a promising future,” says Javelin president and founder Brint Frith, “but we found it difficult to reach target investors through the marketing channels typically used by ETFs.”……………………………………Full Press Release: Source

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