Public e-Islamic Asia Thematic Growth Fund (22 June 2026)
Past 1-week price change: +7.38%
This is a Shariah-compliant equity fund that invests in Asia's technology and industrial leaders, with the goal of long-term capital growth. Think companies building the chips, memory, and equipment behind the AI boom. The fund holds names you've likely heard of, like TSMC, Samsung, and SK Hynix.+
How it’s been performing
Here are the key figures as at 22 June 2026:
The calendar year breakdown tells the fuller story:
That 2022 figure is worth noting. The fund took a significant hit that year alongside the broader tech correction. Investors who stayed the course through that downturn have seen a strong recovery since, but it’s a good reminder that equity funds, especially those concentrated in high-growth sectors, can swing meaningfully in either direction.
Past performance does not guarantee future results, and these returns reflect a period that has been particularly favourable for the sectors and markets this fund invests in.
Why it’s been performing well
The fund’s heavy exposure to Taiwan and South Korea has been a major tailwind. Both markets have been extending record highs this year, driven largely by demand for AI-related semiconductors. South Korea’s market is up over 114% year-to-date, while Taiwan has gained over 60%.
The global buildout of AI infrastructure requires a supply chain that runs through these markets.
Chips are designed in the US > manufactured in Taiwan + memory components from Korea + precision equipment from Japan. This fund sits right in the middle of that supply chain through its holdings.
This week alone, the fund gained 7.38%, making it one of the top-performing Public Mutual funds for the week ended 19 June 2026.
What’s inside the portfolio
About 90% of the fund is invested in foreign equities, with the rest in Islamic money market instruments. Here’s where that money sits:
The fund’s top holdings include:
TSMC (Taiwan Semiconductor Manufacturing Company) builds the advanced chips that power everything from smartphones to AI data centres. It’s the world’s largest contract chipmaker.
Samsung Electronics is one of the biggest technology companies globally, spanning consumer electronics, displays, and semiconductor memory.
SK Hynix is a leading memory chip maker, supplying the high-bandwidth memory that AI systems rely on.
Delta Electronics makes power supplies and thermal management systems, the behind-the-scenes hardware that keeps data centres running.
Elite Material Company produces the specialty circuit board materials used in high-performance computing.
These are held as part of the fund’s portfolio and are mentioned here for context only, not as individual stock recommendations.
What this means for you
It has been a strong stretch for this fund, and the AI-driven demand across Asia’s technology sector has been a meaningful contributor. That said, this is a high-volatility fund (rated “Very High” by Lipper Analytics) and concentrated in specific sectors and markets, so it will naturally experience periods of sharper ups and downs.
If you'd like to review how this fund fits within your overall portfolio, or if you're thinking about rebalancing, I'm happy to chat.