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Featured Fund

PUBLIC ISLAMIC ASEAN GROWTH FUND (PIASGF)
Fund Objective
To achieve capital growth over the medium to long-term period by investing in a portfolio of Shariah-compliant investments in ASEAN markets.
3-Year
Fund Volatility
17.7
very high
Lipper Analytics
10 Jul 2022
Launch Date
21 June 2018
Performance of PIASGF vs its Benchmark Index Over the Following Periods Ended 29/07/2022
PIASGF (%) Benchmark (%) PIASGF (%) Benchmark (%)
Total Return Annualised Return
4.42 -2.42 4.42 -2.42
20.03 -9.00 6.28 -3.10
- - - -
- - - -
29.01 -3.58 6.49 -0.90
*Source: Lipper, as at 29 Jul 2022
Performance of PIASGF and Benchmark Index (Since Fund Commencement* to 29/07/2022)
Benchmark: S&P Shariah ASEAN Index
* Commencement Date - 11 July 2018


  • Public Islamic ASEAN Growth Fund (PIASGF or the Fund) seeks to achieve capital growth over the medium to long-term period by investing in a portfolio of Shariah-compliant investments in ASEAN markets.
  • As at 30 June 2022, 87.7% of PIASGF’s net asset value (NAV) was invested in Shariah-compliant equities while 12.3% of NAV was invested in Islamic money market instruments. The Fund focused on sectors such as Consumer, Industrial, Communications and Basic Materials across the ASEAN markets.
  • From its commencement on 11 July 2018 up to 30 June 2022, the Fund registered a total return of +27.65% to outperform its benchmark’s return of -5.04%. This outperformance was led by the Fund’s selected holdings of Consumer stocks which are leveraged to the resilient domestic demand and consumer spending within the region, as well as its investments in the Industrial and Basic Materials sectors which benefitted from the recovery in global economic activities and the tight supply conditions of selected commodities.
  • For the 3-year period ended 30 June 2022, the Fund registered a return of +17.50% to also outperform its benchmark’s return of -11.64%.
  • Going forward, the Fund may look to continue focusing its investments on the Basic Materials sector to capitalise on the firm prices of selected commodities and the current inflationary environment, as well as the Consumer sector which stands to benefit from the re-opening of international borders globally.


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