UMMA stock forecast, quote, news & analysis

Key Takeaways

• UMMA is an actively managed, Shariah-compliant ETF (exchange-traded fund) providing ex-U.S. exposure to developed and emerging market equities, loosely benchmarked to the Dow Jones Islamic Market International Titans 100 Index.
• The portfolio is heavily tilted toward information technology, roughly 45% of assets, with top positions in Samsung Electronics, SK hynix, Taiwan Semiconductor, ASML, and Infineon Technologies.
• Shariah screening excludes conventional interest-based financials, giving the fund effectively zero exposure to banks and insurers while tilting it toward technology, healthcare, and industrials.
• The fund has declined about 8.4% over the past 30 days, with the pullback concentrated in semiconductor and Asian technology holdings following a largely range-bound third quarter.
• Primary structural risks include semiconductor-cycle volatility, foreign-currency translation, and concentration in a limited group of large Asian and European technology companies.
• For deeper analysis of this ticker, review dedicated Price Targets and Forecast pages to examine technical levels and forward-looking signals.
• Explore Trending AI Robots to see how algorithmic strategies are positioning across ETFs and equities.

Wahed Dow Jones Islamic World ETF (UMMA) Overview

The Wahed Dow Jones Islamic World ETF seeks long-term capital appreciation by investing in international, ex-U.S. companies that pass rules-based screens for Shariah compliance, with additional environmental, social, and governance (ESG) considerations incorporated into security selection. The fund is actively managed but loosely tracks the Dow Jones Islamic Market International Titans 100 Index, which measures the largest non-U.S. firms that meet Shariah investment guidelines. UMMA launched in January 2022 and carries a net expense ratio of 0.65%.

The portfolio holds roughly 100 securities with approximately $273 million in assets under management (AUM). Top holdings include Samsung Electronics, SK hynix, Taiwan Semiconductor Manufacturing (TSM), ASML Holding (ASML), Infineon Technologies, Constellation Software, Roche, Tokyo Electron, and AstraZeneca (AZN). Sector allocation is dominated by technology at roughly 45%, followed by healthcare (about 15–17%), industrials (about 12%), basic materials (about 9%), and consumer discretionary and staples (each around 7%). Energy and financials are minimal because the screens remove interest-based financial institutions and many indebted commodity producers.

Industry and Thematic Landscape

UMMA sits at the intersection of two durable investment themes: faith-based, Shariah-compliant investing and the global semiconductor complex. Because conventional banks, insurers, and heavily leveraged companies are screened out, the fund's investable universe skews structurally toward asset-light technology, pharmaceutical, and industrial franchises. Its largest geographic exposures are Japan, South Korea, Switzerland, Canada, and the United Kingdom, with meaningful representation from Taiwan, Germany, France, and the Netherlands.

The surrounding market environment has been defined by the memory and AI-driven semiconductor cycle. Names such as SK hynix and Samsung Electronics are directly exposed to high-bandwidth memory (HBM) demand tied to artificial-intelligence infrastructure, while ASML and Tokyo Electron are positioned in semiconductor capital equipment. Macroeconomic conditions, including the path of global interest rates and U.S. dollar strength, are especially relevant because the fund holds non-U.S. assets whose returns are translated back into dollars.

Performance and Positioning Snapshot

UMMA has softened in recent weeks after a relatively range-bound stretch through much of the third quarter. The fund traded near $37 in early October and has since slipped to roughly $33.85, a decline of about 8.4% over the trailing 30 days and roughly 8% over the trailing three months. The move has been back-loaded rather than gradual, with much of the weakness arriving alongside a pullback in semiconductor-related equities.

This positioning helps explain the behavior. With technology representing nearly half of the portfolio and memory-chip and semiconductor-equipment names among the largest positions, UMMA's returns are highly sensitive to shifts in the semiconductor cycle and to investor sentiment around Asian technology exporters. Currency translation adds another layer: a stronger U.S. dollar tends to dampen the dollar-denominated returns of the fund's Japanese, Korean, and European holdings. The near-total absence of financials also means the fund does not benefit from the interest-rate-driven earnings patterns that support bank-heavy international benchmarks.

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2026 Outlook and Key Factors to Monitor

Looking ahead, the most important structural factors for UMMA are the trajectory of the semiconductor and memory cycle, the pace of artificial-intelligence capital spending, and the foreign-exchange environment. Memory pricing and HBM demand will remain central to the fund's Korean-heavy exposure, while trends in semiconductor capital equipment affect ASML and Tokyo Electron. Monetary policy across major developed and emerging economies, along with U.S. dollar direction, will influence both equity valuations and the translation of international returns.

Investors should also monitor the growth of Shariah-compliant and ESG-oriented capital flows, which can affect demand for these strategies, and the fund's persistent concentration in a handful of large technology franchises. Potential catalysts and risks include shifts in global trade policy affecting semiconductor supply chains, changes in inflation and interest-rate expectations, and earnings cycles at the fund's largest healthcare and industrial holdings. None of these constitutes a price forecast; rather, they define the themes most likely to shape UMMA's performance through 2026.

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

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