KUALA LUMPUR: Trust fund net assets in Malaysia rose an average 1.42% in December 2007, raising the cumulative gains for the year to 21.33%, as soaring commodity prices bolstered the Kuala Lumpur Composite Index, according to the Lipper Malaysia Fund Market Insight Report. Money market and bond funds rose 0.17% and 0.11% respectively, during the month. The KLCI, comprising 100 blue-chip stocks, gained 32% in 2007, making it the world’s third-best performer, after the Shanghai Composite Index and Bombay Stock Exchange Sensitive Index (Sensex), which rose 96.66% and 47.15% respectively.
(14-01-2008 The Edge)
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