KUALA LUMPUR: TA Investment Management Bhd (TAIM) has declared a gross income distribution of 2.5 sen per unit for TA Growth Fund (TAGF) to registered unit holders of the fund as of June 28.
In a statement, it said TA Growth Fund aims to achieve steady income and capital growth over the medium to long-term period for its unit holders, by investing in the strong economic growth of Malaysia.
TAGF has delivered consistent returns to its investors of 28.41% over the past year up to May 31, 2024, outperforming the benchmark FBM Top 100 Index, which had a return of 18.29% over the same period.
“We also opine that the Malaysian equity market should continue to attract both local and foreign interests as the economy and local companies tap into the demand for services in the areas of contract manufacturing, semiconductor chip production, data centres, and other tech-electronic related services.
“Hence, we believe that both the global and Malaysian equity market booms can be sustained a little longer and the TAGF remains fully invested to take advantage of these opportunities,” it said.
