RETAIL mutual funds registered for sale in Malaysia produced a respectable average return of 7.08% in 2004, with the gains driven mainly by a rally in the fourth quarter, an analysis conducted by Standard & Poor's (S&P) Fund Services concluded.
In a statement yesterday, S&P, the provider of fund research and analysis globally, said the best-performing category in 2004 was Asset Allocation, which had funds with investments in equity, fixed income and money market securities with an average return at 7.97%.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
