PEMOF Update (19 May 2026)
Why PEMOF Is Having a Moment, and What's Actually Inside It
Public Emerging Opportunities Fund (PEMOF) was the top performing fund on Public Mutual's Weekly Top 10 list for the week ended 15 May 2026.
What this fund does
PEMOF invests mostly in smaller, growing Malaysian companies. Think of it as planting seeds in promising local businesses before they become big names.
It’s a long-term fund. Five years and beyond is the right horizon.
How it's been performing (As at 18 May 2026)
Last week: +4.73% (top of the Weekly Top 10)
Year-to-date: +18.63%
1-Year: +28.72%
3-Year annualised: +14.69%
5-Year annualised: +6.03%
Past performance is not a guarantee of future results.
What’s inside the fund
The top 5 holdings as at 30 Apr 2026 include:
Kelington Group, a local engineering company serving the semiconductor industry
Sunway REIT and IGB REIT, two well-known Malaysian property trusts
A few choice names from Taiwan, including Hon Precision and Kinik Company
These aren’t household names like Maybank or Tenaga. That’s the whole idea. The fund looks for businesses doing well quietly, before the broader market notices.
Why it’s doing well right now
Malaysia’s local market has been quietly building momentum. Our 1Q 2026 GDP growth was revised up to 5.4%.
Smaller industrial and financial companies, which make up most of the fund, are benefiting from this. They’re the kinds of businesses that tend to do well when the local economy is steady.
What this means for you
If you’re already holding PEMOF, you’re invested in a strategy that rewards patience. The recent run is encouraging, but the fund’s logic hasn’t changed.
A few gentle thoughts:
PEMOF works best alongside other holdings, not on its own.
If you have a little extra savings, let me know so i can suggest where to place the money in your portfolio.
Try not to read too much into one good week. The long-term picture matters more.
Click on the links below to get in touch with me if you have questions.
Regards,
Rebecca Chan