Funds in Malaysia extend gains

Mutual funds registered for sale in Malaysia posted an average return of 4.69% in May, bringing the average gain for the first five months of 2009 to 22.90%, according to data from Lipper. All fund types delivered positive returns in the January to May period. Commodities and equity funds posted double-digit returns of 13.88% and 10.96%, respectively. The commodities fund group performed well as the market continued to re-rate the risks of inflation. The two commodity mainstays of g…