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Featured Fund
PUBLIC ISLAMIC ASIA TACTICAL ALLOCATION FUND (PIATAF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in a portfolio of investments primarily in domestic and regional markets that complies with Shariah requirements.
3-Year
Fund Volatility
Fund Volatility
33.2
very high
Lipper Analytics
10 Jun 2026
Launch Date
21 August 2007
Performance of PIATAF vs its Benchmark Index Over the Following Periods Ended 30/06/2026
| PIATAF (%) | Benchmark (%) | PIATAF (%) | Benchmark (%) | |
|---|---|---|---|---|
| Total Return | Annualised Return | |||
| 1-Year | 147.91 | 54.11 | 147.91 | 54.11 |
| 3-Year | 182.90 | 67.68 | 41.39 | 18.79 |
| 5-Year | 134.01 | 37.08 | 18.52 | 6.51 |
| 10-Year | 368.34 | 139.41 | 16.69 | 9.12 |
| Since Commencement | 539.92 | 243.32 | 13.59 | 8.84 |
*Source: Lipper, as at 30/06/2026
Performance of PIATAF and Benchmark Index (Since Fund Commencement* to 30/06/2026)
Benchmark: A composite of 70% S&P Shariah BMI Asia Ex-Japan Index and 30% 3-month Islamic Interbank Money Market (IIMM) rate
* Commencement Date - 09 December 2011
* Commencement Date - 09 December 2011
- Public Islamic Asia Tactical Allocation Fund (PIATAF or the Fund) adopts a mixed asset allocation approach whereby 30% to 98% of the Fund’s net asset value (NAV) may be invested in Shariah-compliant equities primarily in the regional markets, with the balance invested in sukuk and Islamic money market instruments.
- As at 29 May 2026, 98.0% of PIATAF’s NAV was invested in Shariah-compliant equities while 2.0% of its NAV was invested in Islamic money market instruments. The Fund focused on the technology, industrial and communications sectors across the North Asian markets.
- From its commencement on 12 December 2011 to 29 May 2026, the Fund registered a return of +558.41% to outperform its benchmark’s return of +242.79%. The outperformance was led by the Fund’s selected investments within the technology and industrial sectors which benefitted from the increased adoption of artificial intelligence (AI) applications in the consumer and manufacturing environments.
- For the 1-year, 3-year, 5-year and 10-year periods ended 29 May 2026, the Fund registered respective returns of +174.42%, +203.47%, +144.17% and +382.71% to outperform its benchmark’s respective returns of +58.71%, +70.63%, +38.77% and +139.63%.
- Going forward, the Fund will continue to focus on sectors within the regional markets with long-term growth prospects such as technology and industrial, which are underpinned by continued investments in automation, AI, data centres and sustainability.
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