LONDON – HSBC Global Funds ICAV has announced the addition of new share classes to its Global Sukuk UCITS ETF, a fund designed to track the performance of the IdealRatings Sukuk Index while adhering to Shariah principles. The new share classes began trading on the London Stock Exchange (LON:)’s main market on Monday, January 17, 2025, following their effective admission.
The Global Sukuk UCITS ETF aims to provide investors with regular income and capital growth. The FTSE IdealRatings Sukuk Index measures the performance of global Islamic fixed-income securities, also known as Sukuk, which comply with Islamic finance principles.
The introduction of these new share classes offers investors additional options for participating in the performance of the Index. The details of the new share classes, including their ISIN and trading currency, have been made available to the public.
This expansion of HSBC’s Global Sukuk UCITS ETF is part of the company’s ongoing efforts to provide a diverse range of investment opportunities that cater to various investor needs, including those seeking compliance with Islamic financial regulations.
Investors interested in the specifics of the new share classes can access documentation such as the Sub-Fund’s supplement through the National Storage Mechanism or on the HSBC asset management website.
The admission of these new share classes represents HSBC’s commitment to offering innovative financial products in the growing market for Shariah-compliant investments. This information is based on a press release statement from HSBC Global Funds ICAV.
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