Which creates more value for investors in equity funds: being socially responsible or Shariah compliant?
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The mutual fund industry has seen rapid growth in the last two decades or so as an alternative investment scheme. The growth of the mutual fund industry saw a jump of 13% from the year 2012 to 2013 as assets under management (AuM) increased from $60.9 trillion in 2012 to $68.7 trillion in 2013 (Boston Consultancy Group, 2014). As far as regional growth is concerned, it has slowed down in most of the emerging markets but increased steadily in MENA and Asian countries. Its growth has varied in Australia, Asia, Japan, the Middle East and Africa and North America and varied from 14 percent to 20 percent. As far as Europe and Latin America is concerned, the average growth rate has been 8% and 7%, respectively.
Mutual fund , Shariah-compliant funds (SCFs) , Socially responsible funds (SRFs)
Naeem Azmi, Choudhary Wajahat. (n.d.). Which creates more value for investors in equity funds: being socially responsible or Shariah compliant? CIWM Bulletin, Special Edition (2013-2015), pp. 24-25.