Markets

Funds in Singapore post slight gains

By Rita Raagas De Ramos | 28 March 2008
Keywords: lipper | singapore | funds | performance

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Commodities funds lead the way, while bond funds continue to show lacklustre performance, according to Lipper data.

Mutual funds registered for sale in Singapore posted an average return of 0.51% in February, a turnaround from their average 7.7% loss in January, according to Lipper data.

Equity funds gained an average 1.01%, boosted by gains in natural resources (+9.57%) and gold (+10.04%) products. Taiwanese funds (+12.05%) outperformed other market-specific portfolios.

Lipper’s top-and-bottom fund scoreboard for February reflected the divergence in performance in the world’s stockmarkets during the month. Equity Taiwan offerings soared 12.05% to rank first among the fund sectors as ...

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