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Featured Fund

PUBLIC ISLAMIC GLOBAL EQUITY FUND (PISGEF)
Fund Objective
To achieve capital growth over the long term period by investing in a diversified portfolio of stocks that complies with Shariah requirements listed on global markets.
3-Year
Fund Volatility
14.6
high
Lipper Analytics
14 Jan 2021
Launch Date
26 September 2017
Performance of PISGEF vs its Benchmark Index Over the Following Periods Ended 29/01/2021
PISGEF (%) Benchmark (%) PISGEF (%) Benchmark (%)
Total Return Annualised Return
21.77 18.70 21.77 18.70
45.50 42.02 13.31 12.41
- - - -
- - - -
44.86 42.84 11.92 11.45
*Source: Lipper, as at 29 Jan 2021
Performance of PISGEF and Benchmark Index (Since Fund Commencement* to 29/01/2021)
Benchmark: A composite of 90% S&P Global 1200 Shariah Index and 10% 1-Month Islamic Interbank Money Market (IIMM) rate
* Commencement Date - 16 October 2017
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  • Public Islamic Global Equity Fund (PISGEF or the Fund) invests 75% to 98% of its net asset value (NAV) in Shariah-compliant equities globally, offering exposure to growth prospects across the major economic regions.
  • As at 29 January 2021, 94.6% of PISGEF’s NAV was invested in Shariah-compliant equities while 5.4% of NAV was invested in Islamic money market instruments. The Fund focused on sectors such as Technology, Consumer, Financial and Communications across the U.S., Japan and European markets.
  • From its commencement on 16 October 2017 up to 29 January 2021, the Fund registered a total return of +44.86% to outperform its benchmark’s return of +42.84%. This outperformance was led by the Fund’s holdings of Technology and Consumer stocks which benefited from the rise of e-commerce and digital devices as well as the sustained consumer spending on the global front.
  • For the 1-year and 3-year periods ended 29 January 2021, the Fund also registered respective returns of +21.77% and +45.50% to outperform its benchmark’s respective returns of +18.70% and +42.02%.
  • Going forward, the Fund will look to continue focusing its investments on sectors that offer long-term growth prospects such as Technology, Consumer and Healthcare, which are underpinned by the continued electronification of products and services as well as the demand for improved healthcare services.


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