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CI Morningstar International Momentum Index ETF Trust Units -Hedged- ZXM.TO

Is CI Morningstar International Momentum Index ETF Trust Units -Hedged- Halal?

Shariah Compliance Analysis of ZXM.TO ETF

No. As of October 2026, CI Morningstar International Momentum Index ETF Trust Units -Hedged- (ZXM.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

ZXM.TO was created on 2014-11-13 by CI. The fund's investment portfolio concentrates primarily on total market equity. The fund tracks an equal-weighted index of 250 stocks from the developed markets excluding North America, selected for positive 3-, 9- and 12-month price momentum with an emphasis on upward earnings estimate revisions.

ZXM.TO Shariah Compliance

As of October 2026, CI Morningstar International Momentum Index ETF Trust Units -Hedged- is classified as not halal.

NOT HALAL

CI Morningstar International Momentum Index ETF Trust Units -Hedged- (ZXM.TO) Chart

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