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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
14.3
high
Lipper Analytics
10 May 2021
Launch Date
26 September 2017
Performance of PISGEF vs its Benchmark Index Over the Following Periods Ended 31/05/2021
PISGEF (%) Benchmark (%) PISGEF (%) Benchmark (%)
Total Return Annualised Return
22.24 25.73 22.24 25.73
59.36 58.08 16.79 16.48
- - - -
- - - -
56.81 56.96 13.21 13.24
*Source: Lipper, as at 31 May 2021
Performance of PISGEF and Benchmark Index (Since Fund Commencement* to 31/05/2021)
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


  • 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 30 April 2021, 96.5% of PISGEF’s NAV was invested in Shariah-compliant equities while 3.5% of NAV was invested in Islamic money market instruments. The Fund focused on sectors such as Technology, Consumer, Communications and Financial across the U.S., Japan and European markets.
  • From its commencement on 16 October 2017 up to 30 April 2021, the Fund registered a total return of +56.89% to outperform its benchmark’s return of +54.98%. This outperformance was led by the Fund’s holdings of Technology and Consumer stocks which benefited from the trend of digitalisation as well as the sustained consumer spending on the global front.
  • For the 1-year and 3-year periods ended 30 April 2021, the Fund also registered respective returns of +32.15% and +65.36% to outperform its benchmark’s respective returns of +31.47% and +61.36%.
  • 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, the expanding global middle-class as well as the demand for improved healthcare services.


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