18 Aug 2008
Rita Raagas De Ramos
Singapore’s unit trusts posted a combined net inflow of S$287.9 million ($205.6 million) in the second quarter, falling sharply from S$1.29 billion ($921 million) in the first quarter, according to a joint report by data provider Lipper and the Investment Management Association of Singapore.Much less new money went into unit trusts in Singapore in the second quarter, while outflows were fairly stable. Total fund inflows amounted to S$6.57 billion ($4.69 billion) in the second quarter, down from the S$7.52 billion ($5.37 billion) in the first quarter. Outflows were relatively flat at S$6.29 billion ($4.49 billion) from S$6.23 billion ($4.45 billion) in the same period in review.
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