Sanlam to manage world's first active global equity Shariah ETF

International financial services group Almalia will launch the fund and has selected Sanlam as the manager following the success of its Global High Quality Strategy, launched in 2008 by Sanlam's global head of equities Pieter Fourie. ESG, thematic and active ETFs set for strongest growth Fourie and his team will manage the Almalia Sanlam Active Shariah Global Equity UCITS ETF, which will seek to achieve capital growth over the medium to long term, while complying with the principles of Shariah investment. It will invest in companies with high returns on capital and low leverage, "e...