Funds in Singapore dip further

Apr 6, 2009

Led by equity portfolios, funds in Singapore post an average decline of 4.31% in February.

Singapore-registered unit trusts declined by an average of 4.31% in February, extending an average loss of 1.49% the previous month, as persistent weakness in the global macro and credit environment led to gloomier outlooks for growth, exports, and unemployment in the city-state, according to data provider Lipper.

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