Public e-Islamic Innovative Technology Fund (PeISITF)
Public e-Islamic Innovative Technology Fund (PeISITF)

Public e-Islamic Innovative Technology Fund (PeISITF)

Last Updated on Monday, 24 May 2021 by Zhen Thing

Disclaimer:
 The contents of the funds mentioned are STRICTLY for information purposes and are personal suggestions ONLY. They DO NOT represent the views of Public Mutual Berhad. The contents are intended to promote the funds.
 Kindly consult a Unit Trust Consultant or financial manager before starting your investment.
 Happy investing!

Since the pandemic spiked at the year-end of 2019, three main sectors have been booming globally — healthcare, technology, and environmental. Daring investors who made a wise decision to invest in these sectors during one of the lowest times in human history have gained a great return. While 2020 was a year of forced recession due to the COVID-19 pandemic, 2021 will be the start of recovery for the global economy.

Click to view the top 5 recommended new funds in unit trusts. Kindly reach out to us for consultations and further advice for your investment.

Public e-Islamic Innovative Technology Fund (PeISITF)

Launch date: 25 May 2021

This is the FIRST sector-focused Public Shariah e-Series Islamic equity fund that invests primarily in technology companies related to technological and scientific innovations that alter the way consumers, business and industries operate.

PeISITF is a global equity fund that focuses its investment on technological and scientific innovations. Take this opportunity to ride on cutting-edge science and technology companies’ long-term growth potential and participate in the next wave of technological innovations.

Overview

Fund Category: Equity (Shariah-compliant)
Investment Period: Long term
Financial Year End: 30 June
Distribution Policy: Incidental
Shariah Adviser: ZICO Shariah Advisory Sdn. Bhd.

Benchmark of PeISITF

PeISITF’s benchmark is based on the two indices below.

Kindly contact us to view the Historical Returns of PeISITF’s benchmark.

Top 10 Constituents

  1. Apple Inc.
  2. Microsoft Corp
  3. Taiwan Semiconductor Manufacturing Co Ltd
  4. Visa Inc. A
  5. Nvidia Corp
  6. Mastercard Inc. A
  7. ASML Holding NV
  8. Adobe Inc.
  9. Intel Corp
  10. Cisco Systems Inc

Source: S&P Global 1200 Shariah Information Technology (Sector) as of 24 May 2021.

Asset Allocation by Country

Country Allocation | Source: S&P Dow Jones Indices, LLC. Data as of 11 May 2021

This fund invests mainly in US stocks (around 68%). Apart from that, it also invests in Asia and Europe stocks. The remaining cash investments are Sukuk and Islamic liquid assets.

Asset Allocation by Sector

Sector Allocation | Source: S&P Dow Jones Indices, LLC. Data as of 11 May 2021

At least 40% of the equity investments will invest in stocks related to Software & Services (40%), Semiconductors & Semiconductors Equipments (30%) and Technology Hardware & Equipment (20%). The remaining will invest in cash investments (Sukuk and Islamic liquid assets).

Technology Sectors that PeISITF Focuses

Artificial Intelligence
  1. Artificial Intelligence (AI)
    • Banking, financial services, insurance. (BFSI)
    • Healthcare.
    • Retail.
    • Transportation.
Medical Innovations
  1. Medical innovations
    • Surgical robots.
    • Augmented & virtual reality in healthcare.
    • Telehealth.
Cloud Computing | Image source: 1down.us
  1. Cloud computing
    • Delivery of different services through the Internet, including data storage, servers, databases, networking and software.
    • Enables files to be saved on a remote database and the retrieval of files on demand.
Electric car | Image source: prweb.com
  1. Electric vehicles (EVs)
    • Opportunities in EV supply chain includes:
      • Raw material mining.
      • Battery cell manufacturing.
      • Battery pack assembly.
      • EV manufacturing.
      • EV sales & dealership.
      • EV charging stations & services.
      • EV component recycling.

Reasons to Invest in PeISITF

  • Technology is one of the key drivers of economic growth in the long run.
  • Technology-driven innovations are revolutionising the world.
  • Ride on the long-term growth potential of companies leading in cutting-edge science & technology.
  • Participate in the next wave of technological and medical innovations.

You may want to consider this fund if:

  1. You want to contribute to the future of technology.
  2. You see potential in innovative technology for the future.
  3. You see potential in AI technology for the future.
  4. You see potential in the technology industry for the future.
  5. You want to participate in the next wave of technological innovations.
  6. You want to ride on cutting edge science and technology companies’ long-term growth potential.

Please reach out to us if you have any doubts regarding this fund or any questions regarding investments. Furthermore, if you need help in investment planning, we are happy to attend to your enquiries. 🥰

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