Featured Fund

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
14.6
high
Lipper Analytics
10 Dec 2022
Launch Date
07 October 2015
Performance of PIGRBF vs its Benchmark Index Over the Following Periods Ended 30/12/2022
PIGRBF (%) Benchmark (%) PIGRBF (%) Benchmark (%)
Total Return Annualised Return
-15.19 -3.15 -15.19 -3.15
15.60 -2.46 4.95 -0.83
19.95 -4.92 3.70 -1.00
- - - -
46.07 -0.72 5.42 -0.10
*Source: Lipper, as at 30 Dec 2022
Performance of PIGRBF and Benchmark Index (Since Fund Commencement* to 30/12/2022)
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 NAV in sukuk. 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, 58.8% of PIGRBF’s NAV was invested in Shariah-compliant equities while 41.2% of NAV was invested in sukuk and Islamic money market instruments. The Fund’s Shariah-compliant equity portfolio focused on sectors such as consumer, communications, industrial, basic materials and technology 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 +46.07% to outperform its benchmark’s return of -0.72%. This outperformance was underpinned by its holdings of technology stocks which benefitted from the increased adoption of digital products and services.
  • For the 3-year and 5-year periods ended 30 December 2022, the Fund registered respective returns of +15.60% and +19.95% to also outperform its benchmark’s respective returns of -2.46% and -4.92%.
  • 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 to capitalise on the companies’ resilient earnings, as well as the consumer sector which is poised to benefit from sustained consumer spending.


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