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PUBLIC e-ISLAMIC SUSTAINABLE MILLENNIAL FUND (PeISMF)
Fund Objective
To achieve capital growth over the long term period by investing in Shariah-compliant stocks of companies which incorporate sustainability considerations in their business practices primarily in the environmental and social aspects.
Launch Date
05 November 2019
Performance of PeISMF vs its Benchmark Index Over the Following Periods Ended 29/01/2021
PeISMF (%) Benchmark (%) PeISMF (%) Benchmark (%)
Total Return Annualised Return
24.94 18.10 24.94 18.10
- - - -
- - - -
- - - -
28.09 20.69 23.32 17.27
*Source: Lipper, as at 29 Jan 2021
Performance of PeISMF and Benchmark Index (Since Fund Commencement* to 29/01/2021)
Benchmark: A composite of 90% S&P Global 1200 ESG Shariah Index and 10% 3-Month Islamic Interbank Money Market rate
* Commencement Date - 25 November 2019
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  • Public e-Islamic Sustainable Millennial Fund (PeISMF or the Fund) seeks to invest in Shariah-compliant stocks of companies that incorporate sustainability considerations in their business practices, primarily in the environmental and social aspects.
  • As at 29 January 2021, 90.3% of PeISMF’s NAV was invested in Shariah-compliant equities while 9.7% of NAV was invested in Islamic money market instruments. The Fund focused on sectors such as Technology, Consumer, Communications and Energy across the U.S., Japan and Taiwan markets.
  • From its commencement on 25 November 2019 up to 29 January 2021, the Fund registered a total return of +28.09% to outperform its benchmark’s return of +20.69%. This outperformance was driven by its investments in the Technology, Communications and Consumer sectors which benefited from resilient consumer spending as well as the increased adoption of e-commerce and remote working amid the new normal.
  • Going forward, the Fund will look to continue capitalising on the long-term trends of the digital lifestyle and spending habits of millennials, while focusing on the sustainability practices of the investee companies.


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