By Martin Morris
Dow Jones Indexes announced on Wednesday it has licensed the Dow Jones Islamic Market International Titans 100 Index to Javelin Investment Management, an investment adviser registered with the SEC.
The blue-chip index will underlie the first Shari'ah compliant exchange-traded fund listed in the US - the JETS Dow Jones Islamic Market International Index Fund (JVS).
The index measures the stock performance of 100 leading non-US companies that have passed rules-based screens for Shari'ah compliance. (more)
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