KUALA LUMPUR: TA Investment Management Bhd has declared interim gross income distributions of 1.7 sen per unit for TA Dana Fokus (TADF) and 1.5 sen per unit for TA Asia Pacific REITs Income Fund (TAREITs) to registered unit holders of the funds as at April 30.
In a statement, TA Investment said TADF aims to achieve total return over the medium to long-term period by investing in a focused portfolio, mainly equities, that comply with Shariah requirements.
The fund, which was a recipient of the prestigious Best Fund over 5 Years (Equity Malaysia) Award from the LSEG Lipper Fund Awards 2024, has demonstrated a remarkable total return of 96.00% over the 5-year period up to March 31, 2024.
TA Investment remained optimistic about the market, expecting that potential interest rate cuts will likely reduce costs for stakeholders and potentially boost spending and consumption.
It said the anticipated start of the interest cut cycle in the United States (US) is viewed as a significant catalyst for maintaining market momentum.
“Here in Malaysia, of particular importance is the absence of sudden global shocks that could disrupt the market’s recovery from out of the doldrums. The FBM KLCI Index has a good start in 2024, driven by political stability and positive government policies. A stable political environment is a prerequisite driver in attracting global investment, making current conditions conducive for Malaysia to capitalise on relocation opportunities from China.
“Within the Association of South East Asian Nations (Asean), including Malaysia, there exists a large, politically-neutral, marketplace for both the West and East to tap into. Resource-rich Malaysia should stand to benefit, provided self-inflicted setbacks are avoided. The portfolio remains overweight and fully invested in Malaysia, focusing on commodity industries, especially the oil & gas, technology manufacturing, data centers, and renewable energy sectors,” TA Investment said.