Featured Fund

Fund Objective
To achieve capital growth over the long term.
Launch Date
21 April 2021
Performance of PeIPE40F vs its Benchmark Index Over the Following Periods Ended 30/04/2024
PeIPE40F (%) Benchmark (%) PeIPE40F (%) Benchmark (%)
Total Return Annualised Return
40.40 21.66 40.40 21.66
- - - -
- - - -
- - - -
9.12 17.73 2.98 5.64
*Source: Lipper, as at 30 Apr 2024
Performance of PeIPE40F and Benchmark Index (Since Fund Commencement* to 30/04/2024)
Benchmark: A composite of 50% S&P United States LargeCap Shariah Index, 30% customised index by S&P Dow Jones Indices, LLC based on top 100 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index, 10% customised index by S&P Dow Jones Indices, LLC based on top 20 constituents by market capitalisation of the S&P BMI Shariah Japan Index and 10% 1-Month Islamic Interbank Money Market (IIMM) rate
* Commencement Date - 11 May 2021

  • Public e-Islamic Pioneer Entrepreneur 40 Fund (PeIPE40F or the Fund) invests 75% to 98% of its net asset value (NAV) primarily in and up to a maximum of 40 Shariah-compliant pioneer entrepreneur stocks. This refers to Shariah-compliant stocks of companies whereby the founder of the company is part of the company’s management team and/or sits on the company’s board of directors at the point of purchase. Additionally, up to 20% of the Fund’s NAV may be invested in other Shariah-compliant stocks listed in global markets.
  • As at 30 April 2024, 88.7% of PeIPE40F’s NAV was invested in Shariah-compliant equities while 11.3% of its NAV was invested in Islamic money market instruments. The Fund focused on the technology, communications, consumer and industrial sectors mainly in the U.S. and North Asian markets.
  • For the 1-year period ended 30 April 2024, the Fund registered a return of +40.40% to outperform its benchmark’s return of +21.66%. This outperformance was led by the Fund’s holdings of selected technology and communications stocks which benefitted from the proliferation of artificial intelligence and digitalisation trends.
  • Going forward, the Fund will continue to focus on sectors which offer long-term growth prospects such as technology and communications.

Our investment disclaimer can be viewed here.