Featured Fund

PUBLIC GROWTH BALANCED FUND (PGRBF)
Fund Objective
To achieve capital growth over the medium to long-term period through a balanced asset allocation approach.
3-Year
Fund Volatility
14.0
moderate
Lipper Analytics
10 Dec 2022
Launch Date
07 October 2015
Performance of PGRBF vs its Benchmark Index Over the Following Periods Ended 30/12/2022
PGRBF (%) Benchmark (%) PGRBF (%) Benchmark (%)
Total Return Annualised Return
-11.45 -1.62 -11.45 -1.62
24.26 -0.15 7.51 -0.05
26.91 -4.39 4.88 -0.89
- - - -
49.99 2.12 5.81 0.29
*Source: Lipper, as at 30 Dec 2022
Performance of PGRBF and Benchmark Index (Since Fund Commencement* to 30/12/2022)
Benchmark: A composite of 60% the returns of the Kuala Lumpur Composite Index (Prior 6 July 2009), 60% FTSE Bursa Malaysia KLCI (w.e.f. 6 July 2009) and 40% the returns on 3-month Kuala Lumpur Interbank Offered Rates (KLIBOR).
* Commencement Date - 27 October 2015


  • Public Growth Balanced Fund (PGRBF or the Fund) adopts a balanced asset allocation approach whereby the Fund may invest 40%-60% of its net asset value (NAV) in equities and 40%-60% of NAV in fixed income securities. Additionally, up to 25% of the Fund’s NAV may be invested in foreign markets to tap into the broader scope of investment opportunities globally.
  • As at 30 December 2022, 50.6% of PGRBF’s NAV was invested in equities while 49.4% of NAV was invested in fixed income securities and money market instruments. The Fund’s equity portfolio focused on sectors such as financial, industrial, consumer, communications and basic materials in the domestic and foreign markets.
  • From its commencement on 27 October 2015 up to 30 December 2022, the Fund registered a total return of +49.99% to outperform its benchmark’s return of +2.12%. This outperformance was underpinned by its holdings of financial, communications and consumer stocks which benefitted from the resilient domestic economy, the structural digitalisation trend and sustained consumer spending. More recently, the Fund’s investments in the industrial and basic materials sectors benefitted from the recovery in global economic activities and the tight supply conditions of selected commodities post the Covid-19 outbreak.
  • For the 3-year and 5-year periods ended 30 December 2022, the Fund registered respective returns of +24.26% and +26.91% to also outperform its benchmark’s respective returns of -0.15% and -4.39%.
  • Going forward, the Fund may look to remain invested in the financial sector which stands to benefit from the current environment of high interest rates, the industrial sector which is a beneficiary of the trade diversification away from China, as well as the communications sector which is supported by the ongoing migration to cloud services.


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