Commodities, hedge funds outperform in Malaysia

Mutual funds registered for sale in Malaysia posted an average return of 0.73% in August, bringing the average gain for the first eight months of 2009 to 20.03%, according to Lipper. All fund types delivered positive returns in the January-to-August period, led by equity funds which were up an average of 35.05%, while commodities and hedge funds did particularly well in August. "The idea that markets are forward-looking is an appealing one," says Ivan Ng, a research analyst at Lipper…