SGAM AI plans launch of S&P-linked sharia-compliant index funds
In July 2006, SGAM AI created the SGAM AI Baraka Index, based on a selection of global sharia equities, whose performance has reached 29% since launch (33.90% annualised), followed by several structured products linked to SGAM AI Baraka Index. SGAM AI currently manages €7.8 billion in index funds and €19.2 billion in structured products.
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