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Featured Fund

PUBLIC ISLAMIC ALPHA-40 GROWTH FUND (PIA40GF)
Fund Objective
To achieve capital growth by investing in stocks which comply with Shariah requirements.
3-Year
Fund Volatility
13.7
moderate
Lipper Analytics
10 Mar 2021
Launch Date
16 November 2010
Performance of PIA40GF vs its Benchmark Index Over the Following Periods Ended 31/03/2021
PIA40GF (%) Benchmark (%) PIA40GF (%) Benchmark (%)
Total Return Annualised Return
46.15 29.38 46.15 29.38
24.27 5.94 7.50 1.94
39.20 17.29 6.83 3.24
76.71 43.97 5.85 3.71
83.92 49.54 6.08 3.98
*Source: Lipper, as at 31 Mar 2021
Performance of PIA40GF and Benchmark Index (Since Fund Commencement* to 31/03/2021)
Benchmark: 75% FTSE Bursa Malaysia EMAS Shariah Index, 15% customised index based on Top 100 constituents by market capitalisation of the S&P Shariah BMI Asia Ex-Japan Index, 10% 3-month Islamic Interbank Money Market (IIMM) rate.
* Commencement Date - 06 December 2010


  • Public Islamic Alpha-40 Growth Fund (PIA40GF or the Fund) invests in a concentrated portfolio of up to 40 Shariah-compliant equities, and may invest up to 30% of its net asset value (NAV) in foreign markets to tap into the broader array of opportunities overseas.
  • As at 26 February 2021, 96.3% of PIA40GF’s NAV was invested in Shariah-compliant equities while 3.7% of NAV was invested in Islamic money market instruments. The Fund focused on sectors such as Industrial, Technology, Consumer, Communications and Basic Materials across the Malaysia, U.S., Korea, Taiwan and China markets.
  • From its commencement on 6 December 2010 to 26 February 2021, the Fund registered a total return of +86.93% and outperformed its benchmark’s return of +50.97%. This outperformance was led by the Fund’s holdings of Technology and Consumer stocks which benefited from the rise of e-commerce activities and mobile computing as well as sustained consumer spending.
  • For the 1-year, 3-year and 5-year periods ended 26 February 2021, the Fund also registered respective returns of +39.00%, +23.37% and +43.00% to outperform its benchmark’s respective returns of +20.50%, +5.66% and +20.51%.
  • Going forward, the Fund will look to continue focusing its investments on sectors in the domestic and foreign markets that offer long-term growth prospects such as Consumer and Technology, which are underpinned by resilient consumption trends as well as the continued electronification of products and services globally.


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