Key stats
About Wealthsimple Shariah World Equity Index ETF Trust Units
Home page
Inception date
May 12, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Mackenzie Financial Corp.
ISIN
CA94701W1041
The fund is passively managed to track an index of stocks compliant with Shariah Law that exhibit both quality and low volatility. The fund starts from a universe of large and mid-cap companies from developed countries that are generally not involved in any non-Halal items. Companies uncompliant with Shariah Law are typically involved in alcohol, tobacco, pork-related products, weapons and defense, conventional banking and conventional insurance companies, and adult entertainment. Stocks deemed to have good quality and low volatility are screened by the index provider through a multi-step process that ranks companies with the best multi-factor z-scores with respect to sector. The portfolio is weighted relative to the inverse of their volatility, subject to liquidity constraints. The fund may use a sampling methodology in which it could invest in a sample of securities that collectively have an investment profile like that of the underlying index. The index is rebalanced quarterly.
Related funds
Classification
What's in the fund
Exposure type
Consumer Non-Durables
Health Technology
Technology Services
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
WSHR trades at 32.10 CAD today, its price has risen 0.44% in the past 24 hours. Track more dynamics on WSHR price chart.
WSHR net asset value is 31.96 today — it's fallen 0.59% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
WSHR assets under management is 382.39 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
WSHR price has fallen by −1.08% over the last month, and its yearly performance shows a 2.75% increase. See more dynamics on WSHR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.59% over the last month, have fallen by −0.59% over the last month, showed a 1.88% increase in three-month performance and has increased by 3.08% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.59% over the last month, have fallen by −0.59% over the last month, showed a 1.88% increase in three-month performance and has increased by 3.08% in a year.
WSHR fund flows account for 106.69 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
WSHR invests in stocks. See more details in our Analysis section.
WSHR expense ratio is 0.62%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, WSHR isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, WSHR technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating WSHR shows the buy signal. See more of WSHR technicals for a more comprehensive analysis.
Today, WSHR technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating WSHR shows the buy signal. See more of WSHR technicals for a more comprehensive analysis.
No, WSHR doesn't pay dividends to its holders.
WSHR trades at a premium (0.17%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
WSHR shares are issued by Power Corp. of Canada
WSHR follows the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 12, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.