Return for Raiz Portfolio Assets – for December 2023

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30-01-2024

Past 12-month return for Raiz portfolio assets

(31/12/2022 – 31/12/2023)

Source: ASNB, abrdn, UOBAM, AHAM, NAMM

 

Past 12-month overall Raiz portfolio return

(31/12/2022 – 31/12/2023)

 

Are you on Custom Portfolio?

The overall portfolio return is simply the combined weighted return of each asset you have chosen to be in your Custom Portfolio.

For example, you allocated;

  1. 20% of your investment in sukuk fund; and
  2. 30% in Islamic world equity fund; and
  3. 50% in shariah gold fund.

 

The yearly return of the assets are (you can refer above);

  1. Sukuk fund: +3.7% vs benchmark +7.8%
  2. Islamic world equity fund: +25.6% vs benchmark +27.8%
  3. Shariah gold fund: +19.0% vs benchmark +18.6%

 

Its yearly portfolio return is [(+3.7% x 20%) + (+25.6% x 30%) + (+19.0% x 50%)] = +17.9%.

Its yearly benchmark return is [(+7.8% x 20%) + (+27.8% x 30%) + (+18.6% x 50%)] = +19.2%.

 

But wait… what is a benchmark?

Benchmark is an indicative value of how much your investment should have performed. It is for you to compare your investment return (in reality!) vs its benchmark.

 

Hope that helps your understanding in investing smart.

 


Keep in mind that past performance is not necessarily an indicator of future performance.

Raiz is about helping you save & invest regularly – even with small amounts so you can keep the momentum going. Being able to save 5% of your salary every month is better than earning a 5% return. Having a disciplined savings habit can help improve your financial position quicker (than spending time choosing the best fund manager).

 


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Download it for free in the App store: 

 

 

 

Important Information 

The information on this website is general advice only. This means it does not consider any person’s investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the Raiz product. 

The information on this website is confidential. It must not be reproduced, distributed or disclosed to any other person. The information is based on assumptions or market conditions which change without notice. This will impact the accuracy of the information. 

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz.