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Featured Fund

PUBLIC ASIA ITTIKAL FUND (PAIF)
Fund Objective
To achieve capital growth over the medium to long term period by investing in a portfolio of investments in domestic and regional markets that complies with Shariah requirements.
3-Year
Fund Volatility
11.4
very high
Lipper Analytics
11 Feb 2020
Launch Date
22 August 2006
Performance of PAIF vs its Benchmark Index Over the Following Periods Ended 28/02/2020
PAIF (%) Benchmark (%) PAIF (%) Benchmark (%)
Total Return Annualised Return
7.26 2.83 7.26 2.83
13.27 6.61 4.24 2.16
33.16 26.71 5.89 4.84
86.16 98.92 6.40 7.11
124.31 120.98 6.18 6.06
Performance of PAIF and Benchmark Index (Since Fund Commencement* to 28/02/2020)
Benchmark: A composite of 30% Kuala Lumpur Syariah Index (Prior 1 Nov 07), 30% FBM EMAS Shariah Index (1 Nov 07 to 29 Apr 11), 30% FBM Hijrah Shariah (FBMHS) Index (30 Apr 11 to 29 Apr 13), 15% FBMHS Index (w.e.f. 30 Apr 13), 15% Customised index based on top 20 constituents by market capitalisation of the S&P Japan BMI Shariah Index (w.e.f. 30 Apr 13) and 70% Dow Jones Islamic Market Asia Ex-Japan IndexSM (Prior 1 Jan 09), 70% S&P Shariah BMI Asia Ex-Japan Index (w.e.f. 1 Jan 09).
* Commencement Date - 11 September 2006
  • For the 12 months ended 28 February 2020, Public Asia Ittikal Fund (PAIF or the Fund) registered a return of +7.26% and outperformed its benchmark’s return of +2.83% over the same period. Over the medium to longer-term period of 3 years, 5 years and 10 years, the Fund generated respective returns of +13.27%, +33.16% and +86.16% which outperformed its benchmark’s respective returns of +6.61%, +26.71% and +98.92%.
  • From its commencement on 11 September 2006 (being the last day of the initial offer period) to 28 February 2020, the Fund registered a total return of +124.31% and outperformed its benchmark’s return of +120.98%.
  • Since its launch, the Fund has invested in a diversified portfolio of regional and domestic Shariah-compliant stocks which have the potential to achieve capital growth over the medium to long-term period. As at 28 February 2020, the Fund was invested in sectors such as Technology, Communications, Industrial, Consumer and Basic Materials.
  • As at 28 February 2020, 96.60% of PAIF’s net asset value (NAV) was invested in Shariah-compliant equities while 3.40% of the Fund’s NAV was invested in Islamic money market instruments. The Fund will maintain its strategy of investing in sectors which possess sustainable earnings growth profiles and generate resilient cash flows such as Technology and Communications.