Featured Fund

Fund Objective
To achieve capital growth over the long term by investing in a portfolio of investments in the Japan and global markets.
Fund Volatility
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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