Featured Fund

PUBLIC ISLAMIC ASIA DIVIDEND FUND (PIADF)
Fund Objective
To provide income by investing in a portfolio of stocks in domestic and regional markets that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields.
3-Year
Fund Volatility
14.3
high
Lipper Analytics
10 Jun 2024
Launch Date
03 April 2007
Performance of PIADF vs its Benchmark Index Over the Following Periods Ended 28/06/2024
PIADF (%) Benchmark (%) PIADF (%) Benchmark (%)
Total Return Annualised Return
9.60 7.66 9.60 7.66
-19.09 -15.29 -6.82 -5.39
25.07 20.96 4.57 3.88
62.27 56.34 4.96 4.57
122.84 101.23 4.77 4.15
*Source: Lipper, as at 28 Jun 2024
Performance of PIADF and Benchmark Index (Since Fund Commencement* to 28/06/2024)
Benchmark: A composite of 30% Kuala Lumpur Syariah Index (Prior 1 Nov 2007), 30% FTSE Bursa Malaysia Emas Shariah Index (1 Nov 2007 to 29 Apr 2011), 20% FTSE Bursa Malaysia Hijrah Shariah Index (w.e.f. 30 Apr 2011), 10% 3-month Islamic Interbank Money Market (IIMM) rate and 70% Dow Jones Islamic Market Asia Ex-Japan IndexSM (Prior 1 Jan 2009), 70% S&P Shariah BMI Asia Ex-Japan Index (w.e.f. 1 Jan 2009).
* Commencement Date - 23 April 2007


  • Public Islamic Asia Dividend Fund (PIADF or the Fund) seeks to provide income by investing in a portfolio of Shariah-compliant stocks in domestic and regional markets which offer or have the potential to offer attractive dividend yields.
  • As at 31 May 2024, 80.2% of PIADF’s net asset value (NAV) was invested in Shariah-compliant equities while 19.8% of its NAV was invested in Islamic money market instruments. The Fund focused on sectors such as technology, communications, consumer, industrial and utilities mainly in the regional markets.
  • From its commencement on 23 April 2007 up to 31 May 2024, the Fund registered a return of +111.59% to outperform its benchmark’s return of +96.42%. This outperformance was mainly underpinned by the Fund’s selected investments in the technology sector which are leveraged to long-term structural digitalisation trends.
  • For the 5-year and 10-year periods ended 31 May 2024, the Fund registered respective returns of +24.51% and +56.33% to outperform its benchmark’s respective returns of +22.05% and +55.24%.
  • Going forward, the Fund may continue to be positioned in the technology and consumer sectors which stand to benefit from the proliferation of artificial intelligence applications as well as sustained consumption within the Asian region.


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