TAIM declares 1.50 sen per unit for TA Income Fund

KUALA LUMPUR: TA Investment Management Bhd (TAIM) has declared a gross income distribution of 1.50 sen per unit for the TA Income Fund (TIF) and 0.50 sen (Quarterly) for the TA Asian Dividend Income Fund (TADIF) for registered unit holders of the funds as at July 31, 2017.

TAIM in a statement yesterday said, the funds would be positioned accordingly, with an emphasis on a few selected stocks to drive performance. “We also remain cautiously optimistic on the outlook for the Asia Pacific region as valuations remain attractive and earnings are supportive.

“We are conscious, however, that valuations elsewhere are elevated and that risks around politics, protectionism and rising interest rates, have the potential to add volatility,” it added.

The portfolio remains focused on domestic companies with a bias towards North Asia over ASEAN 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 ratio’s, 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.

Meanwhile, TADIF seeks to provide income and longterm capital appreciation by investing in a collective and investment scheme which invests mainly in a portfolio of Asian stocks.— Bernama