Singapore fund performance reflects cautious stance

Mutual funds registered for sale in Singapore posted an average return of 0.705% in May, according to Lipper data. Commodity funds remained one of the yearÆs more consistent outperformers, Lipper says, posting an average return of 3.03% last month and an average gain of 37.64% for the one-year period.Equity funds posted an average return of 1.52%, with emerging market funds among the top performers. The disappointing unit trust classes were bond funds and the ancillary product of guar…