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Featured Fund

PUBLIC ISLAMIC EMERGING OPPORTUNITIES FUND (PIEMOF)
Fund Objective
To achieve capital growth through investments in Shariah-compliant companies with mid and small market capitalisation.
3-Year
Fund Volatility
17.3
very high
Lipper Analytics
10 Dec 2021
Launch Date
30 March 2016
Performance of PIEMOF vs its Benchmark Index Over the Following Periods Ended 31/12/2021
PIEMOF (%) Benchmark (%) PIEMOF (%) Benchmark (%)
Total Return Annualised Return
5.43 0.33 5.43 0.33
48.58 36.06 14.10 10.80
50.06 16.55 8.45 3.11
- - - -
51.68 16.12 7.58 2.65
*Source: Lipper, as at 31 Dec 2021
Performance of PIEMOF and Benchmark Index (Since Fund Commencement* to 31/12/2021)
Benchmark: A composite of 90% FTSE Bursa Malaysia Emas Shariah Index (Prior 30 Apr 2013), 90% FTSE Bursa Malaysia Small Cap Shariah Index (30 Apr 2013 to 29 Apr 2015), 90% FTSE Customised Index (w.e.f. 30 Apr 2015) and 10% 3-Month Islamic Interbank Money Market (IIMM) rate
* Commencement Date - 19 April 2016


  • Public Islamic Emerging Opportunities Fund (PIEMOF or the Fund) invests in mid- and small-capitalisation Shariah-compliant equities primarily in the domestic market, and may invest up to 25% of its net asset value (NAV) in foreign markets to tap into the broader array of opportunities overseas.
  • As at 30 November 2021, 97.1% of PIEMOF’s NAV was invested in Shariah-compliant equities while 2.9% of NAV was invested in Islamic money market instruments. The Fund focused on sectors such as Industrial, Consumer, Technology and Communications across the Malaysia, U.S. and Korea markets.
  • From its commencement on 19 April 2016 to 30 November 2021, the Fund registered a total return of +51.23% and outperformed its benchmark’s return of +17.10%. This outperformance was led by the Fund’s holdings of Industrial and Technology stocks which benefitted from the demand for improved productivity as well as our increasingly digitalised lifestyles.
  • For the 3-year and 5-year periods ended 30 November 2021, the Fund also registered respective returns of +39.75% and +49.55% to outperform its benchmark’s respective returns of +27.92% and +19.03%.
  • Going forward, the Fund will look to continue focusing its investments on sectors in the domestic and foreign markets that offer long-term growth prospects such as Technology and Consumer, which are underpinned by the continued electronification of products and services as well as resilient consumption trends globally.


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