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Featured Fund

PUBLIC ISLAMIC ASIA TACTICAL ALLOCATION FUND (PIATAF)
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
14.6
high
Lipper Analytics
10 Aug 2021
Launch Date
21 August 2007
Performance of PIATAF vs its Benchmark Index Over the Following Periods Ended 30/08/2021
PIATAF (%) Benchmark (%) PIATAF (%) Benchmark (%)
Total Return Annualised Return
15.42 11.47 15.42 11.47
47.08 32.86 13.71 9.92
74.06 56.97 11.72 9.43
- - - -
156.74 135.99 10.17 9.22
*Source: Lipper, as at 30 Aug 2021
Performance of PIATAF and Benchmark Index (Since Fund Commencement* to 30/08/2021)
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 stocks to selectively capitalise on investment opportunities in the regional markets, with the balance invested in sukuk and Islamic liquid assets.
  • As at 30 July 2021, 94.2% of PIATAF’s NAV was invested in Shariah-compliant equities while 5.8% of NAV was invested in Islamic money market instruments. The Fund focused on sectors such as Technology, Communications, Industrial, Basic Materials and Consumer across the North Asia and Australia markets.
  • From its commencement on 12 December 2011 to 30 July 2021, the Fund registered a total return of +162.55% to outperform its benchmark’s return of +138.19%. This outperformance was led by the Fund’s holdings of Technology and Communications stocks which benefited from the increased digitalisation of the consumer and corporate environments.
  • For the 1-year, 3-year and 5-year periods ended 30 July 2021, the Fund also registered respective returns of +19.57%, +51.32% and +83.95% to outperform its benchmark’s respective returns of +14.90%, +36.23% and +60.83%.
  • Going forward, the Fund will look to continue focusing its investments on sectors in the regional markets that offer long-term growth prospects such as Technology and Communications, which are underpinned by our increasingly digitalised lifestyles as well as the rising adoption of 5G, electric vehicles and cloud computing.


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