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Foreign, property top list.
Feb. 7--Foreign investment funds and property funds led all mutual fund classes in terms of performance in 2004, according to Lipper, a global mutual fund data and information provider.
FIFs, a special asset class allowing retail investors to take positions in overseas securities, posted a 10.46 percent gain for 2004, while property funds generated an average return of 10.41 percent, according to Lipper.
Equity funds, which yielded around 121 percent in 2003, were the worst performers last year contracting 7.09 percent. Balanced and general fixed-income funds also underperformed, losing 4.01 percent and 3.42 percent, respectively.
Bond products ...
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Source: HighBeam Research, Foreign, property top list.