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Featured Fund

Fund Objective
To achieve capital growth through investments in Shariah-compliant companies with mid and small market capitalisation.
Fund Volatility
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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