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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
10.3
moderate
Lipper Analytics
10 Mar 2025
Launch Date
18 March 2015
Performance of PIENTEF vs its Benchmark Index Over the Following Periods Ended 28/03/2025
| PIENTEF (%) | Benchmark (%) | PIENTEF (%) | Benchmark (%) | |
|---|---|---|---|---|
| Total Return | Annualised Return | |||
| 1-Year | 1.01 | 0.53 | 1.01 | 0.53 |
| 3-Year | 8.08 | -1.71 | 2.63 | -0.57 |
| 5-Year | 34.39 | 8.90 | 6.10 | 1.72 |
| 10-Year | - | - | - | - |
| Since Commencement | 19.92 | -5.85 | 1.84 | -0.60 |
*Source: Lipper, as at 28/03/2025
Performance of PIENTEF and Benchmark Index (Since Fund Commencement* to 28/03/2025)
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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