Has Penfold’s Sharia pension fund changed?

You may have seen recent news about changes to an HSBC Islamic investment fund and wondered whether your Penfold pension is affected.
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Here’s what you need to know.
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No. The reported change does not affect Penfold's Sharia pension fund.

HSBC manages several Islamic investment funds with similar names. The recent change affects a different fund, not the one used by Penfold.
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Penfold's Sharia fund continues to track the Dow Jones Islamic Market Titans 100 Index.

This has not changed.
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The index your pension fund tracks has not changed as a result of the reported news.

However, the companies held within the fund may change over time as part of normal fund management.
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We understand that recent news about investments in defence and military technology companies may be concerning.
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We're speaking with HSBC to clarify the fund’s exposure to these companies and how these investments meet Sharia investment rules.
We'll share more information when we have it.
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You can find more information about the fund on HSBC Asset Management's website.
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We understand how important it is that your pension investments reflect your values.

If you have any questions or concerns, please contact our Customer Support team. We’re here to help.