Reuters, 25 Feb 2009, Kevin Lim
SINGAPORE, Feb 25 (Reuters) - Assets under management for Singapore's mutual fund industry fell nearly 40 percent last year as markets plunged and investors withdrew money, fund tracker Lipper said on Wednesday.
On average, mutual funds available for sale in Singapore, saw assets under management fall 37 percent, while equity funds registered a 49 percent drop and bond funds lost 39 percent. Money market funds suffered a 0.1 percent fall in AUM.
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