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Main characteristics

Bloomberg Code SGIXWESN
Inception Date 01/05/2008
Return Type Total Return
Currency USD
Calculated By Standard & Poor's


SGI WISE Emerging Shariah Index aims to outperform Shariah equity markets of emerging countries in selecting undervalued stocks which have recently well performed within this universe, according to the WISE Shariah Model.


Every quarter,  the WISE model computes a score for every emerging shariah-compliant stock with a market capitalization greater than 2 billion USD. This score is based on a set of value and momentum factors that have been selected for their robustness in predicting outperformers and underperformers in the past. To further optimise the risk budget of the index, the components are also selected according to their risk/return profile. SGI WISE Emerging Shariah Index represents the 75 last  most attractive stocks of the scoring shariah universe.

The SGI WISE Emerging Shariah (USD - TR) (The “Index”) is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to maintain and calculate the Index. S&P® is a registered trademarks of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices Custom” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been sublicensed for certain purposes by SG. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates shall be liable for any errors or omissions in calculating the Index. The S&P/IFCI Large-MidCap Shariah is the exclusive property of S&P Dow Jones Indices, its affiliates and/or their third party licensor(s). The S&P/IFCI Large-MidCap Shariah and its methodology have been licensed for use by SG in connection with the Index.

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