global growth assets vs Wealthsimple
global growth assets and Wealthsimple both offer investing. This page lines up 17 listed data points side by side, with 10 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Aug 2026
At a glance
- Both are available in all of Canada.
- global growth assets uses Mutual Funds; Wealthsimple uses Index-based.
- Shariah oversight: global growth assets discloses Named Scholar; Wealthsimple discloses Third-Party Certified.
- HalalWallet Index: global growth assets holds a B-; Wealthsimple holds a B-.
- On measurable rows, global growth assets has the better listed value on 0 and Wealthsimple on 2.
- They differ on 10 of the 17 data points we list for investing.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
global growth assets vs Wealthsimple: the full side-by-side
17 data points from each provider's published materials, lined up row by row. They differ on 10.
global growth assets
Pays us: No. global growth assets pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Wealthsimple
Pays us: No. Wealthsimple pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.17 of 17 rows
Provinces covered
Sameglobal growth assets: All of CanadaWealthsimple: All of Canada
Expense ratio
global growth assets: 2.79% MERWealthsimple: 0.50% EdgeManagement fee
global growth assets: 2.45%Wealthsimple: Not listedMinimum investment
global growth assets: $500 initial / $25 subsequentWealthsimple: Not listed
Structure
global growth assets: Mutual FundsWealthsimple: Index-basedShariah oversight
global growth assets: Named ScholarWealthsimple: Third-Party CertifiedShariah board / scholar
global growth assets: Named ScholarWealthsimple: Ratings Intelligence PartnersPublished fatwa / certificate
Sameglobal growth assets: NoWealthsimple: NoScreening standard
global growth assets: Dow Jones Islamic Market Titans 100 screens (Ratings Intelligence) plus local IFAB reviewWealthsimple: Dow Jones Islamic Market screens - certified by Ratings Intelligence Partners
Products listed
global growth assets: Global Iman FundWealthsimple: Wealthsimple Shariah World Equity Index ETFBest for
global growth assets: Canadian mutual fund investors who prioritize a long track record and named, annually renewed Shariah oversight over cost - and who accept a concentrated mega-cap tech tilt and the absence of published purification data.Wealthsimple: The only Canadian-listed halal ETF - CAD-denominated core holding with no US withholding tax drag in a TFSAProduct types
global growth assets: Mutual FundWealthsimple: ETFTickers
global growth assets: Not listedWealthsimple: WSHRHoldings
global growth assets: 23Wealthsimple: ~160Focus
global growth assets: Not listedWealthsimple: Global Developed Markets (CAD-listed)
HalalWallet Index grade
Sameglobal growth assets: B-Wealthsimple: B-Assets under management
global growth assets: $244MWealthsimple: C$480M Edge
Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.
Strengths and trade-offs
global growth assets
- Disclosed Shari'ah oversight: two named advisory boards and a fatwa renewed June 17, 2026
- 17-year track record - Series A running since March 2009, with 10-year annualized returns of 14.75% to April 2026
- Low $500 minimum, $25 subsequent - accessible in mutual fund format with PACs
- Available across all 10 provinces through ~30 dealers and all major registered plans (RRSP/TFSA/RESP/RRIF/LIRA/LIF)
- FundGrade A+ award winner six consecutive years
- Expensive: 2.79% MER (2.45% management fee) versus roughly 0.5% for halal ETFs like WSHR
- Concentrated: 23 holdings with 66% in the top 10, and 44% in information technology
- No published purification data - investors cannot compute dividend purification from public documents
- The fatwa is published only as a scanned document, and parts of the site carry stale marketing content
Wealthsimple
- Only halal ETF listed in Canada (Cboe Canada, trades in CAD)
- No US withholding tax on distributions in a TFSA/FHSA/RESP
- Global developed-market diversification (~160 holdings, US ~48%)
- Certified by Ratings Intelligence Partners; quarterly purification data published
- 0.50% management fee (MER slightly higher after taxes)
- Low-volatility tilt underweights the mega-cap tech that drives US index returns
- No US large-cap growth concentration - pair with SPUS/MNZL for that exposure
global growth assets
Pays HalalWallet: No. global growth assets pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Wealthsimple
Pays HalalWallet: No. Wealthsimple pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Not sure which is right? Compare all investing providers.
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How do global growth assets and Wealthsimple compare for investing?
global growth assets and Wealthsimple both offer investing. This page lines up 17 listed data points side by side, with 10 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all of Canada.
- global growth assets uses Mutual Funds; Wealthsimple uses Index-based.
- Shariah oversight: global growth assets discloses Named Scholar; Wealthsimple discloses Third-Party Certified.
Source: HalalWallet (halalwallet.ca)
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-05
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/global-growth-assets-vs-wealthsimple, retrieved 2026-11-14).For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
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