AsianInvestor.net, 28 Nov 2008, Rita Raagas De Ramos
Equity funds have suffered the most, posting an average loss of nearly 20% in October, according to Lipper.
Funds registered for sale in Singapore suffered an average loss of 15.76% in October, bringing their 10-month average decline to 34.67%, according to data from Lipper.
All asset types turned in a negative performance last month, save for guaranteed funds, which managed to close with a marginal gain of 0.24%.
Equity funds suffered the most, posting an average loss of 19.93%. The next most disappointing fund category was commodities funds, which posted an average loss of 18.85%, mainly pulled down by a more-than-35% drop in global crude oil prices.
Read More
