Global bond fund earns average of 4% return

EDITED



Our Global Bond fund earned about 4% return, after conversion into Singapore $, as follows:

            Global  
Yield(YTM)   Bond   
 
2003         3.60%  
2004         3.47%  
2005         4.03%  
2006 (6m)    4.01%  

The average yield to maturity of the investments on the fund is 3.99%.

Investors who wish to have a more stable modest return can consider the Global Bond fund.