TA Investment Management Bhd (TAIM) has declared a 2.5 sen gross income distribution per unit for the TA High Growth Fund (TAHGF), for its financial year ended 31 March 2009. The distribution of 2.5 sen per unit is equivalent to an income return of 4.3% (source: Lipper Hindsight).
"Despite the global market downturn, we managed to maintain our distribution for the fund. We believe that the market will continue to be very volatile in the first half of year 2009." says TAIM's deputy chief investment officer, Ms. Vivien Loh. "The global markets have shown some signs of recovery with the concerted effort of the global central banks to help their respective economies. However, we believe the initial impact should be to restore market confidence through a sustainable market recovery. The real economy needs to show some signs of recovery in the employment and trade market". Our strategy for the fund is to accumulate on weakness for an expected market recovery towards the end of year 2009. In the mean time we are to trade cautiously, while awaiting the actual signs of economic recovery."
TAHGF, which was launched in June 2004, is a unique fund that offers investors an opportunity to invest in high earnings growth companies listed on the Bursa Malaysia. The investment objective of the fund is to provide investors with above average capital growth over a medium to long-term period by investing mainly in companies that offer higher growth prospects.
For more information, please call 1-800-38-7147 or visit our website at www.tainvest.com.my.
Source: TA Invest
No comments:
Post a Comment