Featured Fund

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.
Fund Volatility
very high
Lipper Analytics
10 Jun 2024
Launch Date
21 August 2007
Performance of PIATAF vs its Benchmark Index Over the Following Periods Ended 28/06/2024
PIATAF (%) Benchmark (%) PIATAF (%) Benchmark (%)
Total Return Annualised Return
21.31 5.10 21.31 5.10
0.35 -14.08 0.12 -4.94
66.67 25.67 10.74 4.67
113.97 70.85 7.90 5.50
174.42 115.19 8.37 6.29
*Source: Lipper, as at 28 Jun 2024
Performance of PIATAF and Benchmark Index (Since Fund Commencement* to 28/06/2024)
Benchmark: A composite of 70% S&P Shariah BMI Asia Ex-Japan Index and 30% 3-month Islamic Interbank Money Market (IIMM) rate
* Commencement Date - 09 December 2011

  • Public Islamic Asia Tactical Allocation Fund (PIATAF or the Fund) adopts a mixed asset allocation approach whereby 30% to 98% of the Fund’s net asset value (NAV) may be invested in Shariah-compliant equities in the regional markets, with the balance invested in sukuk and Islamic money market instruments.
  • As at 31 May 2024, 95.1% of PIATAF’s NAV was invested in Shariah-compliant equities while 4.9% of its NAV was invested in Islamic money market instruments. The Fund focused on the technology, industrial, communications, consumer and energy sectors across the North Asian markets.
  • From its commencement on 12 December 2011 to 31 May 2024, the Fund registered a return of +155.41% to outperform its benchmark’s return of +110.13%. This outperformance was led by the Fund’s holdings of selected technology and industrial stocks which benefitted from the increased digitalisation of the consumer and corporate environments.
  • For the 5-year and 10-year periods ended 31 May 2024, the Fund registered respective returns of +61.28% and +104.23% to outperform its benchmark’s respective returns of +26.19% and +69.19%.
  • Going forward, the Fund will continue to focus on sectors within the regional markets with long-term growth prospects such as technology and industrial, which are underpinned by structural digitalisation trends as well as the proliferation of 5G, electric vehicles and artificial intelligence.

Our investment disclaimer can be viewed here.