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Wahed Dow Jones Islamic World ETF
UMMA (Wahed Dow Jones Islamic World ETF) is an index Global Equity ETF by Wahed. With a 0.65% MER, it provides diversified exposure through 10 holdings. Quarterly distribution with a 0.95% yield.
UMMA by Wahed is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.65% MER, its fees are in line with category averages.
It is a popular choice as a core holding in long-term portfolios, whether in a TFSA, RRSP, or FHSA.