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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
10.4
moderate
Lipper Analytics
10 Apr 2025
Launch Date
18 March 2015
Performance of PIENTEF vs its Benchmark Index Over the Following Periods Ended 30/04/2025
| PIENTEF (%) | Benchmark (%) | PIENTEF (%) | Benchmark (%) | |
|---|---|---|---|---|
| Total Return | Annualised Return | |||
| 1-Year | -3.01 | -1.90 | -3.01 | -1.90 |
| 3-Year | 5.74 | -1.18 | 1.88 | -0.39 |
| 5-Year | 23.02 | 3.97 | 4.23 | 0.78 |
| 10-Year | 17.33 | -3.68 | 1.61 | -0.37 |
| Since Commencement | 17.10 | -4.76 | 1.58 | -0.48 |
*Source: Lipper, as at 30/04/2025
Performance of PIENTEF and Benchmark Index (Since Fund Commencement* to 30/04/2025)
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. 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 31 January 2025, 94.8% of PIENTEF’s NAV was invested in Shariah-compliant equities while 5.2% of its NAV was invested in Islamic money market instruments. The Fund focused on the communications, consumer, technology, industrial and utilities sectors mainly in the domestic market.
- From its commencement on 7 April 2015 to 31 January 2025, the Fund registered a return of +21.41% to outperform its benchmark’s return of -3.50%. This outperformance was led by the Fund’s selected investments within the technology and industrial sectors which benefitted from the increased digitalisation of the consumer and corporate environments as well as a rise in domestic construction activities.
- For the 5-year period ended 31 January 2025, the Fund registered a return of +23.38% to outperform its benchmark’s return of +3.36%.
- Going forward, the Fund will continue to focus on sectors which offer long-term growth prospects such as technology and industrial within the domestic and foreign markets.
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