In the past few years ETF providers have listed many Shariah-compliant funds in Europe and U.S. exchanges. These ETFs invest in companies that follow the principles of Islam.
Today I came the another religious-themed ETFs named db X-trackers STOXX Europe Christian Index ETF that trades on the London Stock Exchange. This ETF tracks the performance of the The STOXX® Europe Christian Index.
STOXX® Europe Christian Index:
The Index is a free float market capitalisation weighted index reflecting the performance of the European Equity market in alignment with the moral and social teachings of the Christian religion (social, environmental, ethical and economical responsibility). Each component’s weight is capped at 20% of the Index’s total free float market capitalisation. The Index universe is defined as all components of the STOXX® Europe 600 Index which is a fixed component number index designed to provide a broad, yet liquid, representation of 600 large, mid and small capitalisation companies in the European region. To be included in the Index, stocks must pass a set of screens for compliance with Christian values and principles, which are conducted by an independent committee. Excluded from the Index are companies which do not meet predetermined tolerance levels for certain areas of activity such as, for example, pornography, weapons, tobacco, alcohol, birth control and gambling.
The ETF has 150 constituents from 16 countries. The Top 20 companies are listed below together with their ADR ticker and current dividend yield:
1.Company: Nestle (NSRGY)
Current Dividend Yield: 3.29%
Country: Switzerland
2.Company: HSBC (HBC)
Current Dividend Yield: 3.63%
Country: UK
3.Company: BP (BP)
Current Dividend Yield: 3.65%
Country: UK
4.Company: Royal Dutch Shell (RDS.A)
Current Dividend Yield: 4.52%
Country: UK
5.Company: Vodafone (VOD)
Current Dividend Yield: 4.43%
Country: UK
6.Company: Siemens (SI)
Current Dividend Yield: 2.74%
Country: Germany
7.Company: Total (TOT)
Current Dividend Yield: 5.62%
Country: France
8.Company: Rio Tinto (RIO)
Current Dividend Yield: 1.49%
Country: UK
9.Company: BHP Billiton (BBL)
Current Dividend Yield: 2.35%
Country: UK
10.Company: BASF (BASFY)
Current Dividend Yield: 3.26%
Country: Germany
11.Company: Banco Santander (SAN)
Current Dividend Yield: 7.55%
Country: Spain
12.Company: BG Group (BRGYY)
Current Dividend Yield: 0.94%
Country:
13.Company: Daimler (DDAIY)
Current Dividend Yield: 3.58%
Country: Germany
14.Company: Anglo American (AAUKY)
Current Dividend Yield: 1.34%
Country: UK
15.Company: ABB (ABB)
Current Dividend Yield: 2.73%
Country: Switzerland
16.Company: BNP Paribas (BNPQY)
Current Dividend Yield: 4.18%
Country: France
17.Company: UBS (UBS)
Current Dividend Yield: N/A
Country: Switzerland
18.Company: Telefonica (TEF)
Current Dividend Yield: 8.43%
Country: Spain
19.Company: Standard Chartered (SCBFF)
Current Dividend Yield: 2.65%
Country: UK
20.Company: Eni (E)
Current Dividend Yield: 6.01%
Country: Italy
To download the complete list of holdings in this fund click here.
Disclosure: Long STD, ABB
