So should I invest in this not for trading but for long term investment

The decision to invest in the Wahed HLAL ETF for long-term investment depends on your investment goals, risk tolerance, and the fund's performance history. Here are some factors to consider: 1. **Performance History**: The ETF has a mixed performance record. It has experienced a significant increase of 43.22% over the 5-year period, but a decline of -23.53% over the 3-year period and a decrease of -1.64% recently. This suggests that while it may have potential for long-term growth, it also carries risks and may not be suitable for those seeking stable short-term returns. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240805|-2.922671|185| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240806|0.355425|185| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240807|-0.166667|185| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240808|2.128548|185| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240809|0.51083|185| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240812|-0.162635|185| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240813|1.466097|185| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240814|-0.120409|185| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240815|1.687764|185| |HLAL|HLAL.O|Wahed FTSE USA Shariah ETF|20240816|0.019759|185| 2. **Investment Objective**: The ETF aims to invest in U.S. equities that conform to Shariah standards, which may appeal to investors with specific religious or ethical investment criteria. However, this focus on Shariah compliance may limit the fund's diversification and exposure to certain sectors or companies. 3. **Diversification and Holdings**: The ETF is non-diversified and invests at least 80% of its assets in the component securities of the index. This lack of diversification could increase risk if the underlying stocks are not well-diversified. 4. **Dividend Policy**: The ETF pays quarterly dividends, which is a positive aspect for income-focused investors. However, the dividend yield has decreased significantly over the past year, which may be a concern. 5. **Management Fees**: The management style of the ETF is passive, which typically has lower fees compared to actively managed funds. However, the ETF has a relatively high expense ratio, which could eat into investment returns over the long term. 6. **Market Conditions**: It's important to consider the current market conditions and the ETF's performance in different economic scenarios. The ETF's recent underperformance may be due to market trends or other factors that could change in the future. In conclusion, while the Wahed HLAL ETF may be suitable for long-term investment for those who align with its investment objective and can tolerate its risks, it's important to carefully weigh these factors against your own investment goals and risk tolerance before making an investment decision. It may be beneficial to consult with a financial advisor to determine if this ETF aligns with your overall investment strategy.