The firm has had encouraging initial results among its product shelf. Its three-year risk-adjusted success ratio is 100%, meaning that 100% of the products have both survived and beaten their respective category median on a risk-adjusted basis. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. Wahed has accumulated an excellent risk-adjusted track record across its open-end and exchange-traded funds, with an average overall Morningstar Rating of 5.0 stars. A cause for concern at Wahed are its relatively inexperienced longest-tenured managers. In particular, average tenure across portfolio managers is only three years, which contributes negatively to its rating.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.