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PUBLIC ISLAMIC GROWTH BALANCED FUND (PIGRBF)
Fund Objective
To achieve capital growth over the medium to long-term period through a balanced asset allocation approach.
3-Year
Fund Volatility
12.8
moderate
Lipper Analytics
12 Apr 2023
Launch Date
07 October 2015
Performance of PIGRBF vs its Benchmark Index Over the Following Periods Ended 28/04/2023
PIGRBF (%) Benchmark (%) PIGRBF (%) Benchmark (%)
Total Return Annualised Return
-4.47 -4.37 -4.47 -4.37
19.29 -0.64 6.07 -0.21
26.10 -8.55 4.75 -1.77
- - - -
47.54 -2.10 5.32 -0.28
*Source: Lipper, as at 28 Apr 2023
Performance of PIGRBF and Benchmark Index (Since Fund Commencement* to 28/04/2023)
Benchmark: A composite of 60% FTSE Bursa Malaysia Hijrah Shariah Index and 40% 3-Month Islamic Interbank Money Market rate
* Commencement Date - 27 October 2015


  • Public Islamic Growth Balanced Fund (PIGRBF or the Fund) adopts a balanced asset allocation approach whereby the Fund may invest 40%-60% of its net asset value (NAV) in Shariah-compliant equities and 40%-60% of its NAV in sukuk. Additionally, up to 25% of the Fund’s NAV may be invested in foreign markets to tap into broader investment opportunities globally.
  • As at 28 April 2023, 47.4% of PIGRBF’s NAV was invested in Shariah-compliant equities while 52.6% of its NAV was invested in sukuk and Islamic money market instruments. The Fund’s Shariah-compliant equity portfolio focused on sectors such as communications, consumer, industrial and technology in the domestic and foreign markets.
  • From its commencement on 27 October 2015 up to 28 April 2023, the Fund registered a total return of +47.54% to outperform its benchmark’s return of -2.10%. This outperformance was underpinned by its holdings of selected technology stocks which benefitted from the increased adoption of digital products and services.
  • For the 3- and 5-year periods ended 28 April 2023, the Fund registered respective returns of +19.29% and +26.10% to also outperform its benchmark’s respective returns of -0.64% and -8.55%.
  • Going forward, the Fund may look to remain invested in the technology sector which is leveraged to the structural growth of the digitalisation trend, the communications sector for its resilient earnings growth, as well as the consumer sector which is poised to benefit from sustained consumer spending.


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