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Dow Jones Islamic Fund. The Iman Fund (symbol: IMANX) is an American faith based mutual fund that invests in Shariah compliant companies. The fund's 2000 inception catered to the needs of Muslim investors, who not only want to have a financially rewarding investment, but a Shariah compatible one as well. [1]
Islamic equity funds were launched in the early 1990s, and began growing fairly rapidly in about 2004. As of 2014 there were 943 Islamic mutual funds worldwide and as of May 2015, they held $53.2 billion of assets under management. Malaysia and Saudi Arabia dominate the sector with about 69% of total assets under management.
They began growing fairly rapidly in about 2004, and as of 2014 there were 943 Islamic mutual funds worldwide and as of May 2015, they held $53.2 billion of assets under management, with "latent demand" for considerable growth. For equity mutual funds, companies whose shares are being considered for purchase must be screened
6 Main Types of Mutual Funds. There are six major types of mutual funds: stock funds, bond funds, money market funds, index funds, sector funds and balanced funds. Read on to learn about each type ...
The following is a limited list of mutual-fund families in the United States.A family of mutual funds is a group of funds that are marketed under one or more brand names, usually having the same distributor (the company which handles selling and redeeming shares of the fund in transactions with investors), and investment advisor (which is usually a corporate cousin of the distributor).
A mutual fund is a collective pool of investments. When different investors buy shares, managers take that money to purchase various securities. Each investor owns a fractional percentage of each ...
1. Fidelity 500 Index Fund (FXAIX) A broad-based S&P 500 index fund is a good core choice for Roth IRAs. If you’re investing for retirement in your Roth, as most people are, you’ll have time ...
Fidelity Contrafund. Fidelity Investments. Fidelity Magellan. Fidelity Magellan Fund. Franklin Templeton Investments. Free Enterprise Action Fund.