More equity buys than sales by mutual funds

GLOBAL mutual funds were net buyers of Singapore equities in the three months to Sept 26. In aggregate, funds bought some S$450 million worth of shares, raising their positions in total by 1.27 per cent over the period. Net purchases by mutual funds of Keppel Corp - the largest buy in terms of value - came to S$134 million. The number of shares held rose 2.9 per cent.

On the sell front, mutual funds sold some S$117.2 million worth of Singapore shares, reducing their positions by 1.4 per cent. Funds sold S$24.3 million worth of CapitaMall Trust, and S$18.5 million worth of Golden Agri-Resources.

The data is provided by ShareInvestor and its partner, Ipreo, a leading provider of market intelligence, investor data and workflow solutions. The information is not necessarily the total picture of trading as many alternative investors, institutional money managers and sovereign wealth funds may be trading as well in the period but not disclosing their trades.