PSTEF Update (19 May 2026)
Why it was among the top performing funds last week, and what it means for you
Public Select Treasures Equity Fund (PSTEF) was the second top performing fund on Public Mutual's Weekly Top 10 list for the week ended 15 May 2026.
What this fund does
PSTEF invests in small and medium-sized Malaysian companies across different sectors. Think of it as a basket of promising local businesses, spread across industries so you’re not relying on any single one.
It’s a medium-to-long-term fund. Five years and beyond is the right horizon.
How it's been performing (As at 18 May 2026)
Last week: +3.39% (second on the Weekly Top 10)
Year-to-date: +12.66%
1-Year: +26.94%
3-Year annualised: +13.12%
5-Year annualised: +6.09%
Past performance is not a guarantee of future results.
What’s inside the fund
The top holdings include some familiar local names:
TIME dotCom, a Malaysian telecommunications company
IGB REIT, a well-known Malaysian property trust
Frontken Corporation, a local engineering services company
A few choice names from Taiwan, including Hon Precision and Kinik Company
These are the kinds of companies that tend to do well quietly, away from the spotlight of the big blue chips.
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%.
PSTEF is well-spread between Industrial companies (35.9%) and Financial companies (31.4%), with the rest across Consumer, Technology and Communications. This kind of balance helps the fund benefit from broad local strength rather than relying on one sector.
What this means for you
If you’re already holding PSTEF, 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:
PSTEF 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