Funds in Malaysia recover from early lows

May 28, 2009

Recovering from market lows early in the year, equity funds outperform all other asset classes in April with a double-digit average gain.

Mutual funds registered for sale in Malaysia posted an average return of 6.1% in April, with equity funds outperforming all asset classes with an average return of 10.53%, according to data from Lipper. All fund types delivered positive returns in the January to April period, which is promising given the continued declines in the market during February and early March.

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