KUALA LUMPUR: TA Investment Management Bhd (TAIM) has declared a gross income distribution of four sen per unit for the TA Income Fund (TIF) as at 31 July 2011.
In a statement Monday, August 1, TAIM said TIF had been giving consistent positive returns since its launch on May 6, 2002, culminating in a total gain of 105.2% as at June 30, 2011.
The Fund had outperformed its benchmark, FTSE Bursa Malaysia KLCI which registered a return of 74.22% over the same period, it said.
TAIM said that the first half of 2011 has been quite dreary with most markets struggling to show some positive returns.
It said that old concerns such as the Greek debt problem together with new issues like rising inflation, tightening measures and global slowdown have affected sentiments.
'However, it is worth noting that the general economic numbers are not seriously diverting from the path to recovery.
'The second half of the year is expected to be better than the first half. We have already seen resolutions in place to restructure the Greek debts. Inflation appears to have run its course and is flattening out,' it said.
TAIM said it expects less monetary tightening in the second half as governments become less worried over inflation and will begin to focus on stimulating economic growth.
'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.
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In a statement Monday, August 1, TAIM said TIF had been giving consistent positive returns since its launch on May 6, 2002, culminating in a total gain of 105.2% as at June 30, 2011.
The Fund had outperformed its benchmark, FTSE Bursa Malaysia KLCI which registered a return of 74.22% over the same period, it said.
TAIM said that the first half of 2011 has been quite dreary with most markets struggling to show some positive returns.
It said that old concerns such as the Greek debt problem together with new issues like rising inflation, tightening measures and global slowdown have affected sentiments.
'However, it is worth noting that the general economic numbers are not seriously diverting from the path to recovery.
'The second half of the year is expected to be better than the first half. We have already seen resolutions in place to restructure the Greek debts. Inflation appears to have run its course and is flattening out,' it said.
TAIM said it expects less monetary tightening in the second half as governments become less worried over inflation and will begin to focus on stimulating economic growth.
'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.
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