Asian Investor
30 Jun 2008
Mutual funds registered for sale in Singapore posted an average return of 0.705% in May, according to Lipper data.
Commodity funds remained one of the year’s more consistent outperformers, Lipper says, posting an average return of 3.03% last month and an average gain of 37.64% for the one-year period.
Equity funds posted an average return of 1.52%, with emerging market funds among the top performers. The disappointing unit trust classes were bond funds and the ancillary product of guaranteed funds – posting average losses of 0.33% and 0.96%, respectively
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