Jan 13, 2007
Greater China funds chalk up best returns for 2006
Worst-performing unit trusts were invested in smaller Japanese firms
By Lorna Tan, Finance Correspondent
SINGAPORE investors who shrugged off fears that China's booming economy might hit the skids last year have been amply rewarded.
Results just in for all of 2006 show that locally available funds invested in China posted sterling returns - as the economic giant kept powering ahead.
The six top-performing funds were invested in the Greater China region - mainland China, Hong Kong and Taiwan - according to the figures, compiled by unit trust distributor Fundsupermart.
This was thanks to China's red-hot stock market, which shot up almost 60 per cent over the full year.
Compare that to Singapore's Straits Times Index, which had a bumper year but paled in comparison with gains of 27.3 per cent.
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