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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
17.7
very high
Lipper Analytics
10 Aug 2021
Launch Date
30 March 2016
Performance of PIEMOF vs its Benchmark Index Over the Following Periods Ended 30/08/2021
PIEMOF (%) Benchmark (%) PIEMOF (%) Benchmark (%)
Total Return Annualised Return
6.96 12.50 6.96 12.50
30.67 13.13 9.32 4.20
50.90 15.51 8.57 2.92
- - - -
51.68 18.12 8.07 3.15
*Source: Lipper, as at 30 Aug 2021
Performance of PIEMOF and Benchmark Index (Since Fund Commencement* to 30/08/2021)
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 July 2021, 94.9% of PIEMOF’s NAV was invested in Shariah-compliant equities while 5.1% 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 North Asian markets.
  • From its commencement on 19 April 2016 to 30 July 2021, the Fund registered a total return of +50.29% and outperformed its benchmark’s return of +14.74%. This outperformance was led by the Fund’s holdings of Industrial and Technology stocks which benefited from the demand for increased productivity and the increasingly digitalised lifestyle.
  • For the 3-year and 5-year periods ended 30 July 2021, the Fund also registered respective returns of +29.19% and +50.05% to outperform its benchmark’s respective returns of +7.83% and +14.21%.
  • 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 Consumer and Technology, which are underpinned by resilient consumption trends as well as the continued electronification of products and services globally.


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