Featured Fund

PUBLIC JAPAN GLOBAL EQUITY FUND (PJGEF)
Fund Objective
To achieve capital growth over the long term by investing in a portfolio of investments in the Japan and global markets.
3-Year
Fund Volatility
13.9
high
Lipper Analytics
10 Jun 2024
Launch Date
03 December 2019
Performance of PJGEF vs its Benchmark Index Over the Following Periods Ended 28/06/2024
PJGEF (%) Benchmark (%) PJGEF (%) Benchmark (%)
Total Return Annualised Return
18.90 14.77 18.90 14.77
8.34 14.73 2.71 4.69
- - - -
- - - -
42.01 40.46 8.07 7.81
*Source: Lipper, as at 28 Jun 2024
Performance of PJGEF and Benchmark Index (Since Fund Commencement* to 28/06/2024)
Benchmark: A composite of 40% TOPIX Core 30 Index, 25% Dow Jones Industrial Average, 25% customised Index by S&P Dow Jones Indices LLC based on the top 30 constituents of the S&P BMI Asia Ex-Japan Index and 10% 3-Month Kuala Lumpur Interbank Offered Rate
* Commencement Date - 23 December 2019


  • Public Japan Global Equity Fund (PJGEF or the Fund) invests at least 30% of its net asset value (NAV) in the Japan market and the balance in the global markets.
  • As at 31 May 2024, 96.8% of PJGEF’s NAV was invested in equities while 3.2% of its NAV was invested in money market instruments. The Fund focused on the technology, communications, consumer, financial and industrial sectors in the Japan, U.S. and other North Asian markets.
  • For the 1-year period ended 31 May 2024, the Fund registered a return of +19.89% to outperform its benchmark’s return of +18.61%. This outperformance was driven by the Fund’s selected investments in the Japan market which benefitted from the country’s exit from decades-long deflation and ongoing corporate reforms, as well as the Fund’s holdings of selected technology and consumer stocks which are underpinned by long-term digitalisation trends and sustained consumer spending.
  • Going forward, the Fund will continue to be positioned within the technology and consumer sectors in the Japan and global markets which are underpinned by long-term structural digitalisation trends, rising demand for increased productivity and an ageing population.


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