KUALA LUMPUR (Aug 1): TA Investment Management Bhd (TAIM) has declared a gross income distribution of 3.5 sen per unit to the registered unitholders of TA Income Fund (“TIF”) as at July 31, 2012.
In a statement Wednesday, TAIM said TIF had been giving consistent positive returns since its launch on May 6, 2002, culminating in a total gain of 109.83% as at June 29, 2012.
“The Fund has outperformed its benchmark, FTSE Bursa Malaysia KLCI (“FBM KLCI”) which registered a return of 78.00% over the same period (Source: Lipper Hinsight),” it said.
TAIM said global equity markets had been volatile in the recent months amid the prolonged debt crisis in Europe and the global economic slowdown.
“As such, we are cautiously optimistic of future market growth. Volatility will continue to persist in the coming months and we will continue to hold stocks with good dividend yield and stable business.
“TIF aims to provide investors with an alternative longer term investment that provides a steady stream of fixed-income and potential capital gains from investment in bonds, money market instruments and equities,” it said.