KUALA LUMPUR: TA Investment Management Bhd (TAIM) has declared gross income distributions for three of its funds as of April 29, 2022.
The company announced a gross income distribution of 4.0 sen per unit for TA Dana Fokus (TADF), 3.0 sen per unit for TA Small Cap Fund (TASF) and 1.5 sen per unit for TA Asia Pacific REITs Income Fund (TAREITs) to the registered unitholders of the funds.
TAIM said TA Dana Fokus aims to achieve total returns over the medium to long-term by investing in a focused portfolio, mainly equities, that complies with shariah requirements.
TADF had an encouraging total return of 8.21 per cent over one year as of March 31, 2022.
Meanwhile, TA Small Cap Fund aims to achieve higher capital appreciation by investing in instruments which have the potential of substantial value appreciation over the medium to long-term period.
TASF had a strong total return of 26.81 per cent over one year as of March 31, 2022.
TAIM said that given the external uncertainties, especially surrounding the ongoing Russian-Ukraine war, employing a long-term buy and hold strategy is challenging.
"Our immediate strategy is to seek value stocks or oversold stocks that should have limited downsides but are sensitive to positive news.
"We believe that fund managers need to be sector and stock-specific to increase the chances of generating decent returns in this environment.
"We remain positive on sectors that will benefit from the full economic re-opening, such as airlines, airports and consumer goods, particularly those benefitting from increased tourist activity.
"Oversold technology stocks are also beneficial for technical rebounds and prospects," it said.
Meanwhile, TAIM said TA Asia Pacific REITs Income Fund maximises the total investment return consisting of regular income and capital appreciation over the medium to long-term by investing in Asia Pacific Real Estate Investment Trusts (REITs) and a portfolio of high dividend yield equity securities.
TAREITs achieved consistent total returns of 4.68 per cent over one year as of March 31, 2022.
TAIM said the prospect of recovering economic activity should lead to better conditions for REITs as more people return to malls and offices, manufacturing activities pick up, and tourists fill up hotels.