KUALA LUMPUR, December 17 – PHEIM today is pleased to launch 3 new Islamic products namely Pheim Greater China Islamic Fund (PGCIF), Pheim ASEAN Islamic Fund (PAIF) and Pheim Global ESG Islamic Fund (PGEIF).
Pheim Greater China Islamic Fund – Economic and industry transformation in the East Asian region continue to see exponential growth driven by a mixture of technological advancement, efficient labour and governmental intervention. Chief among these regions is the Greater China region, which has accelerated in response to the advances in digitalisation and automation that has increasingly become the focus for foreign investors. By investing primarily in China, Hong Kong and Taiwan markets in accordance with Shariah principles, PGCIF aims to achieve capital appreciation over a long-term period.
Pheim ASEAN Islamic Fund – Leveraging on ASEAN demographic advantages and geographical proximity, its countries are prime beneficiaries of supply chains and manufacturing relocations as a result of continuing US-China trade and geo-political tensions. Additionally, more businesses and growth opportunities resulting from ASEAN blessed with commodity deposits, endowed with land and a climate that is well-suited for agriculture. Hence, PAIF designs to achieve capital appreciation and is suitable for investors who prefer Shariah-compliant investments, seeks investment exposure in high growth ASEAN region.
Pheim Global ESG Islamic Fund – Investment community increasingly believes that responsible investment will be good for the world in the long run. Future investment will incorporate long-term financial risks and opportunities into their investment decision-making processes and be able to generate sustainable and long-term financial returns. We are confident that PGEIF will benefit the society and provide investors a reasonable return in the long-run.
Over the years, Pheim’s Investment Philosophy of “Never Fully Invest At All Times” which fine-tune Value Investing, has enabled us to outperform the benchmark. We believe that a disciplined and diligent practice of applying our Investment Philosophy will benefit from major market swings. Our signature Balanced Islamic Fund, Dana Makmur Pheim has won a total of 50 Refinitiv Lipper Fund Awards since inception, of which 31 Refinitiv Lipper Fund Awards (Malaysia Islamic & Malaysia Provident) and 19 Refinitiv Lipper Fund Awards (Global Islamic) based on the results as at end of December 2020.
No other funds in this category have ever won so many awards. Among all, Dana Makmur Pheim was the most outstanding, being ranked No.1 by Refinitiv Lipper for 3-, 5- and 10-year periods for 5 consecutive years ending September 2019. Notwithstanding that Dana Makmur Pheim also ranked No. 1 by Refinitiv Lipper for 15-year period ended December 2020 for 4 consecutive years. Dana Makmur Pheim registered a total return of 492.23% (as at 31 October 2021) vs benchmark of 127.96%, outperforming the benchmark by 364.27% over a period of nearly 20 years.
Dana Makmur Pheim also won “2018, 2019 and 2020 Best of the Best Country Awards (Malaysia)-Best Islamic Product” and “2021 Best of the Best Country Awards (Malaysia)-Best Islamic Fund (Balanced Fund)” by Asia Asset Management.
Besides that, another Islamic Fund, Pheim Asia Ex-Japan Islamic Fund (PAXJI) has won a total of 5 Refinitiv Lipper Fund Awards (Equity Asia Pacific Ex-Japan) since inception in 2006. The fund has recently done well. The fund has registered 22.62% in 2019, 28.36% in 2020 compared with MSCI AXJ Index of 14.17% in 2019, and 20.35% in 2020. PAXJI has registered a total return of 79.24% from the lowest point in 23 March 2020 till 31 October 2021 compared with MSCI AXJ Index of 50.90%.
Pheim has for the past 15 years not focused on launching new unit trust funds, but instead focused wholly on building up the long-term track record of the funds where Pheim currently has in hand. All of Pheim’s funds are award-winning funds and have weathered through many crises since their inception. In those developing years, Pheim gave great importance to perfecting its Investment Philosophy and building a strong reputation for itself which in hindsight was far from an easy endeavour.
Now that Pheim has built up its long-term track record and has proven itself in its ability to consistently outperform the benchmark in the long-term, we have gained enough confidence and decided that we are well prepared to launch 3 new Islamic funds to help investors diversify their assets and grow their wealth.
