Overview
Malaysian equity market via Maybank, CIMB, and Petronas Chemicals. Southeast Asia's semiconductor packaging hub. World's largest Islamic finance market. Ringgit stabilized in 2025 supporting USD returns.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| MAYBANK | Malayan Banking | 20.4% |
| CIMB | CIMB Group Holdings | 12.8% |
| PCHEM | Petronas Chemicals | 8.4% |
| PBBANK | Public Bank Bhd | 7.8% |
| TENAGA | Tenaga Nasional | 6.8% |
| HLBANK | Hong Leong Bank | 5.8% |
| AXIATA | Axiata Group | 5.4% |
| MAXIS | Maxis Bhd | 4.8% |
| IHH | IHH Healthcare | 4.4% |
| DIGI | Celcom Digi | 3.8% |
Fund Details
Investment Thesis
Malaysia occupies a unique position in Southeast Asia as an upper-middle-income country with a highly diversified economy spanning semiconductor packaging and testing, Islamic finance, oil palm agriculture, and petrochemicals. Penang has become one of Asia's most important semiconductor packaging and testing hubs, attracting investment from Intel, Broadcom, and numerous chip packaging companies. Malaysia's Islamic finance sector is the world's largest, positioning Maybank and CIMB as leaders in the rapidly growing halal financial services industry. The government's NIMP 2030 industrial master plan targets high-value manufacturing advancement.
Who It's For
Investors seeking Southeast Asian equity exposure through a diversified upper-middle-income economy with strong institutional framework and multiple growth drivers. EWM suits those who want ASEAN exposure through a more stable and diversified economy than higher-volatility markets like Indonesia or Vietnam. The semiconductor packaging sector provides a technology connection alongside traditional banking and energy holdings.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $24.82 | -- |
| 2017 | $30.42 | +22.5% |
| 2018 | $26.42 | -13.1% |
| 2019 | $30.82 | +16.7% |
| 2020 | $28.42 | -7.8% |
| 2021 | $32.42 | +14.1% |
| 2022 | $28.42 | -12.3% |
| 2023 | $30.82 | +8.4% |
| 2024 | $27.82 | -9.7% |
| 2025 | $28.82 | +3.6% |
| Year | Yield |
|---|---|
| 2016 | 3.82% |
| 2017 | 3.52% |
| 2018 | 3.92% |
| 2019 | 3.62% |
| 2020 | 3.32% |
| 2021 | 2.98% |
| 2022 | 3.52% |
| 2023 | 3.28% |
| 2024 | 3.58% |
| 2025 | 3.82% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.6B | -- |
| 2017 | $0.7B | +16.7% |
| 2018 | $0.5B | -28.6% |
| 2019 | $0.6B | +20.0% |
| 2020 | $0.5B | -16.7% |
| 2021 | $0.6B | +20.0% |
| 2022 | $0.5B | -16.7% |
| 2023 | $0.5B | 0.0% |
| 2024 | $0.5B | 0.0% |
| 2025 | $0.42B | -16.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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