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Featured Fund
PUBLIC ISLAMIC ENTERPRISES EQUITY FUND (PIENTEF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in a portfolio of investments that complies with Shariah requirements.
3-Year
Fund Volatility
Fund Volatility
10.5
moderate
Lipper Analytics
13 May 2025
Launch Date
18 March 2015
Performance of PIENTEF vs its Benchmark Index Over the Following Periods Ended 30/05/2025
| PIENTEF (%) | Benchmark (%) | PIENTEF (%) | Benchmark (%) | |
|---|---|---|---|---|
| Total Return | Annualised Return | |||
| 1-Year | -3.58 | -3.03 | -3.58 | -3.03 |
| 3-Year | 11.09 | 0.82 | 3.57 | 0.27 |
| 5-Year | 15.06 | -4.41 | 2.84 | -0.90 |
| 10-Year | 21.30 | -0.05 | 1.95 | 0.00 |
| Since Commencement | 19.74 | -4.90 | 1.79 | -0.49 |
*Source: Lipper, as at 30/05/2025
Performance of PIENTEF and Benchmark Index (Since Fund Commencement* to 30/05/2025)
Benchmark: A composite of 75% FTSE Bursa Malaysia Hijrah Shariah Index, 15% customised index by S&P Opco, LLC based on Top 100 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index and 10% 3-Month Islamic Interbank Money Market (IIMM) rate
* Commencement Date - 07 April 2015
* Commencement Date - 07 April 2015
- Public Islamic Enterprises Equity Fund (PIENTEF or the Fund) seeks to achieve capital growth over the medium- to long-term period by investing in a portfolio of investments that complies with Shariah requirements primarily in the domestic market. The Fund may invest up to 25% of its net asset value (NAV) in foreign markets to tap into broader investment opportunities overseas.
- As at 30 May 2025, 89.5% of PIENTEF’s NAV was invested in Shariah-compliant equities while 10.5% of its NAV was invested in Islamic money market instruments. The Fund focused on the consumer, communications, industrial, financial and utilities sectors mainly in the domestic market.
- From its commencement on 7 April 2015 to 30 May 2025, the Fund registered a return of +19.74% to outperform its benchmark’s return of -4.90%. This outperformance was led by the Fund’s selected investments within the information technology and industrial sectors which benefitted from the increased digitalisation of the consumer and corporate environments.
- For the 3-year and 5-year periods ended 30 May 2025, the Fund registered respective returns of +11.09% and +15.06% to outperform its benchmark’s respective returns of +0.82% and -4.41%.
- Going forward, the Fund will continue to focus on sectors which offer long-term growth prospects such as technology and communications within the domestic and foreign markets.
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