SPFunds SP Funds S&P World ETF

Halal Investing in Quebec

SPWO is the broadest fund in the SP Funds family: it tracks the S&P DM Ex-US & EM 50/50 Shariah Index, roughly 500 Shariah-screened constituents split evenly between developed and emerging markets outside the United States. It is the natural international complement to SPUS, completing a halal three-fund portfolio with SPSK. Net assets stood at $200M in August 2026 with a 0.55% expense ratio per the prospectus. One structural quirk: capped-index weighting still left Taiwan Semiconductor near 20% of the fund at mid-2026.

SPWO is the diversification workhorse of the SP Funds family - a 50/50 developed/emerging markets ex-US index of roughly 500 Shariah-screened names, making a genuine halal three-fund portfolio possible alongside SPUS and SPSK. Assets doubled through 2025-26 to $200M by August 2026, though it remains the family's smallest equity fund. Watch two things: Taiwan Semiconductor sat near 20% of the fund at mid-2026 despite index capping, and the 0.55% expense ratio runs above SPUS's 0.45%. Canadians face the usual USD-listing costs - currency conversion plus 15% dividend withholding in a TFSA, FHSA, or RESP. Best for investors who want maximum international diversification in a single Shariah-screened ticker.