Performance of Raiz Portfolio Holdings – for October 2023

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28-11-2023

Past 12-month change in the value for Raiz portfolios

(31/10/2022 – 31/10/2023)

Source: ASNB, abrdn, UOBAM, AHAM, NAMM.

 

Are you on Custom Portfolio?

The portfolio performance is simply the combined weightage return of each fund 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 performance of the funds is (you can see from above);

  1. Sukuk fund: +4.7% vs benchmark +7.5%
  2. Islamic world equity fund: +11.7% vs benchmark +13.1%
  3. Shariah gold fund: +20.0% vs benchmark +22.9%

 

Its yearly portfolio return is [(+4.7% x 20%) + (+11.7% x 30%) + (+20.0% x 50%)] = +14.5%.

Its yearly benchmark is [(+7.5% x 20%) + (+13.1% x 30%) + (+22.9% x 50%)] = +16.9%.

 

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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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.