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Featured Fund

Fund Objective
To achieve capital growth over the medium to long term period by investing in a portfolio of investments that complies with Shariah requirements.
Fund Volatility
Lipper Analytics
10 Sep 2022
Launch Date
10 April 2019
Performance of PIUSEQF vs its Benchmark Index Over the Following Periods Ended 30/09/2022
PIUSEQF (%) Benchmark (%) PIUSEQF (%) Benchmark (%)
Total Return Annualised Return
-9.58 -8.82 -9.58 -8.82
35.65 39.58 10.69 11.74
- - - -
- - - -
40.80 44.06 10.52 11.26
*Source: Lipper, as at 30 Sep 2022
Performance of PIUSEQF and Benchmark Index (Since Fund Commencement* to 30/09/2022)
Benchmark: A composite of 90& S&P United States Shariah LargeCap Index and 10% 3-Month Islamic Interbank Money Market (IIMM) rate
* Commencement Date - 30 April 2019

  • Public Islamic U.S. Equity Fund (PIUSEQF or the Fund) seeks to achieve capital growth over the medium to long-term period by investing in a portfolio of Shariah-compliant investments primarily in the United States (U.S.) market.
  • As at 30 August 2022, 76.9% of PIUSEQF’s net asset value (NAV) was invested in Shariah-compliant equities while 23.1% of NAV was invested in Islamic money market instruments. The Fund focused on sectors such as technology, communications, consumer and energy in the U.S. market.
  • From its commencement on 30 April 2019 up to 30 August 2022, the Fund generated a return of +49.80%, underpinned by its holdings of technology, communications and consumer stocks which benefitted from the digitalisation trend as well as the sustained consumer spending globally.
  • Going forward, the Fund will look to continue focusing its investments on sectors that offer long-term growth prospects such as technology, communications and consumer, which are leveraged to the increased digitalisation of the consumer and corporate environments as well as the expanding global middle-class.

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