Featured Funds

PUBLIC ASEAN GROWTH FUND (PASGF)

Fund Objective

To achieve capital growth over the medium to long-term period by investing in a portfolio of investments in ASEAN markets.

3-Year
Fund Volatility

8.4

low

Lipper Analytics

10 Mar 2024

Launch Date

26 October 2017

Performance of PASGF vs its Benchmark Index Over the Following Periods Ended 29/03/2024

*Source: Lipper, as at 29 Mar 2024

Performance of PASGF and Benchmark Index (Since Fund Commencement* to 29/03/2024)

Benchmark: FTSE/ASEAN 40 Index
* Commencement Date - 15 November 2017

Public ASEAN Growth Fund (PASGF or the Fund) seeks to achieve capital growth over the medium to long-term period by investing in a portfolio of investments in the ASEAN markets.

As at 29 March 2024, 93.5% of PASGF’s net asset value (NAV) was invested in equities while 6.5% of its NAV was invested in money market instruments. The Fund focused on the financial, consumer, industrial and communications sectors across the ASEAN markets.

From its commencement on 15 November 2017 to 29 March 2024, the Fund registered a total return of +26.29% to outperform its benchmark’s return of +10.82%. This outperformance was led by the Fund’s selected investments in the financial and consumer sectors which are leveraged to the resilient domestic demand and consumer spending within the ASEAN region.

For the 5-year period ended 29 March 2024, the Fund registered a return of +30.30% to outperform its benchmark’s return of +11.47%.

Going forward, the Fund may continue to be positioned in selected financial stocks which stand to benefit from the resilient ASEAN economies, while investing in selected consumer stocks which are beneficiaries of sustained consumer spending within the region.

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