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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.
3-Year
Fund Volatility
16.0
very high
Lipper Analytics
10 Oct 2023
Launch Date
05 November 2019
Performance of PeISMF vs its Benchmark Index Over the Following Periods Ended 31/10/2023
PeISMF (%) Benchmark (%) PeISMF (%) Benchmark (%)
Total Return Annualised Return
14.44 14.41 14.44 14.41
34.93 37.49 10.49 11.19
- - - -
- - - -
59.76 52.19 12.65 11.26
*Source: Lipper, as at 31 Oct 2023
Performance of PeISMF and Benchmark Index (Since Fund Commencement* to 31/10/2023)
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


  • Public e-Islamic Sustainable Millennial Fund (PeISMF or the Fund) invests in Shariah-compliant stocks of companies globally that incorporate sustainability considerations in their business practices, primarily in the environmental and social aspects.
  • As at 31 October 2023, 68.0% of PeISMF’s net asset value (NAV) was invested in Shariah-compliant equities while 32.0% of its NAV was invested in Islamic money market instruments. The Fund focused on the technology, communications, consumer and financial sectors across the U.S. and Asia-Pacific markets.
  • From its commencement on 25 November 2019 to 31 October 2023, the Fund registered a total return of +59.76% to outperform its benchmark’s return of +52.19%. This outperformance was driven by its selected investments in the technology, communications and consumer sectors which benefitted from the increased adoption of e-commerce and remote working trends as well as resilient consumer spending.
  • For the 1-year and 3-year periods ended 31 October 2023, the Fund registered respective returns of +14.44% and +34.93%.
  • Going forward, the Fund will continue to ride on the long-term digitalisation trends and the spending habits of millennials, while focusing on the sustainability practices of the investee companies.


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