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 Mar 2024
Launch Date
21 August 2007
Performance of PIATAF vs its Benchmark Index Over the Following Periods Ended 29/03/2024
PIATAF (%) Benchmark (%) PIATAF (%) Benchmark (%)
Total Return Annualised Return
21.68 3.33 21.68 3.33
-2.24 -12.69 -0.75 -4.43
55.93 21.66 9.28 3.99
114.48 72.99 7.93 5.63
161.79 110.05 8.13 6.21
*Source: Lipper, as at 29 Mar 2024
Performance of PIATAF and Benchmark Index (Since Fund Commencement* to 29/03/2024)
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 29 February 2024, 86.5% of PIATAF’s NAV was invested in Shariah-compliant equities while 13.5% of its NAV was invested in Islamic money market instruments. The Fund focused on the technology, industrial, communications, basic materials and consumer sectors across the North Asian markets.
  • From its commencement on 12 December 2011 to 29 February 2024, the Fund registered a total return of +159.41% to outperform its benchmark’s return of +106.88%. This outperformance was led by the Fund’s selected holdings of 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 29 February 2024, the Fund also registered respective returns of +57.69% and +114.12% to outperform its benchmark’s respective returns of +21.10% and +70.39%.
  • Going forward, the Fund will continue to focus on sectors in the regional markets that offer long-term growth prospects such as technology and industrial, which are underpinned by the structural digitalisation trends as well as the proliferation of 5G, electric vehicles and artificial intelligence.

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