TA Investment Management Berhad (TAIM) has declared a gross income distribution of 1.5 sen per unit for TA Income Fund (TIF) and 0.60 sen per unit for TA Asian Dividend Income Fund (TADIF) to the registered unit holders of the Fund as at 31st July.
The Malaysian market is currently uncertain due to the change of government during the 14th General Election and is still in the short-term pain stage.
The 3.7 billion of foreign fund net inflows that came in before election have gone out.
However, the market is finding its base and TAIM believe it should recover in given time.
TAIM intend to progressively invest and hold positions for longer term prospect.
Meanwhile, in the Asian Pacific region, the markets of Australia, China and Hong Kong were the best performing markets, with China especially strong producing return.
The portfolio for TADIF, remains focused on domestic companies, with a bias towards Northern Asia over the Association of the Southeast Asian Nations (ASEAN) countries and India on valuation and income grounds.
Although the earnings recovery in Asia is encouraging, the outlook for dividends is even more exciting as strong free cash flow, low levels of corporate debt and low dividend payout ratios should allow dividend growth to outstrip earnings growth over the next few years.
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.
TADIF seeks to provide income and long-term capital appreciation by investing in a collective investment scheme which invests mainly in a portfolio of Asian stocks.