The Edge: Sustaining the Performance of Shariah Funds
A recent article published by The Edge, titled ‘Sustaining the Performance of Shariah Funds’ features Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer of Kenanga Investors. The article discusses the recent performance of shariah funds which outperformed its conventional peers during the recent market downturn. De Alwis notes that shariah funds outperformed due to their lack of exposure to the banking sector, while having a higher weighting in defensive sectors such as healthcare and telecommunications. He believes the technology sector will continue to benefit from the rollout of 5G, growth in smart sensors and adoption of artificial intelligence, Internet of Things and automation.