NEST Sharia - changes to fund.

greatkingrat

Everything has fallen in the last few weeks, nothing to do with Nest or Sharia in particular!

QrizB

DE_612183 said:

anyone noticed that Sharia investment seems to have plummeted in the last few weeks?

As dunstonh and others spent the first six pages of this thread explaining, the Nest Sharia fund had performed well on the back of a tech bubble.

That bubble looks to be deflating.

DE_612183 said:

tried going onto Nest but can't get any data on the fund - just get a "oops something went wrong" message....

FTSE has a chart:

https://markets.ft.com/data/funds/tearsheet/charts?s=GB00BFZNFH05:GBP

Looks to have lost the last ~6 months growth? It could fall a long way yet.

dunstonh

anyone noticed that Sharia investment seems to have plummeted in the last few weeks?

It's dropped in line with expectations.

indeed, its actually dropped less than expectation but its only a mild drop so far.  "you ain't seen nothing yet"..... for what its real loss potential is.

Everything has fallen in the last few weeks, nothing to do with Nest or Sharia in particular!

Nest is the provider, so nothing to do with them, but Sharia has an impact because it led to investment decisions that gave an abnormally high level of tech exposure.   So, consequently, when the tech bubble deflates a bit (or if it goes to a full blown burst) then it will go down much more than other funds that are more conventionally balanced.

noclaf

I am in the HSBC Sharia fund in my work pension and it's taking a battering but ...I am sitting tight and keep buying every month so 'hope' it all works out in the longterm assuming this is just noise as part of the bigger picture.Only time will tell!

QrizB

QrizB said:

DE_612183 said:

anyone noticed that Sharia investment seems to have plummeted in the last few weeks?

As dunstonh and others spent the first six pages of this thread explaining, the Nest Sharia fund had performed well on the back of a tech bubble.

That bubble looks to be deflating.

DE_612183 said:

tried going onto Nest but can't get any data on the fund - just get a "oops something went wrong" message....

FTSE has a chart:

https://markets.ft.com/data/funds/tearsheet/charts?s=GB00BFZNFH05:GBP

Looks to have lost the last ~6 months growth? It could fall a long way yet.

Now seems to have lost about ~12 months growth, and is back to where it was in spring 2024.

Edit to add: I bumped this thread for the benefit of @samps1973

https://forums.moneysavingexpert.com/discussion/6602710/nest-sharia-fund-or-2040#latest

DE_612183

Nest Sharia at a all time high today of 7 ( not sure if thats p or £ ) but a good recovery from the low point of 5.6 in April.
Glad I stuck with it.

QrizB

DE_612183 said:

Nest Sharia at a all time high today of 7 ( not sure if thats p or £ ) but a good recovery from the low point of 5.6 in April.
Glad I stuck with it.

That's on the back of US tech stocks,?
https://arstechnica.com/ai/2025/10/bank-of-england-warns-ai-stock-bubble-rivals-2000-dotcom-peak/

dunstonh

DE_612183 said:

Nest Sharia at a all time high today of 7 ( not sure if thats p or £ ) but a good recovery from the low point of 5.6 in April.
Glad I stuck with it.

Maybe it's time to rebalance it to something more "balanced" whilst tech is at new peaks

Whilst global stocks may fall 50% in a major drop, tech stocks dropped 90% from peak to trough in the dot.com crash.    This tech boom is now greater than the tech boom before the dot.com crash.      

BlackKnightMonty

I’m moving my fund out of NEST - into my new work company scheme - transfer completed last week. And out of the Sharia fund.

The thing I dislike with NEST is the choice of so few funds, and most are low return, and you can only choose one fund.

My Aegon fund gives more freedom to choose more funds and you can invest across multiple funds.

NEST Sharia has been good. But I’m glad I’m out.