KUALA LUMPUR: TA Investment Management Bhd has declared a gross income distribution of 2.0 sen per unit for the TA Small Cap Fund (TASF) to registered unit holders of the fund as of April 28.
In a statement, TA Investment said the fund had a total return of 110.5% over the three years since the onset of the Coronavirus Disease 2019 in Malaysia up to March 31.
TA Investment retained its view that the global economy is transitioning, with pockets of uncertainty remaining. Nevertheless, it said it seeing signs of improvement in the global economy.
“Volatility will continue to be high as past excesses from quantitative easing (QE), low interest rates, and pricey investments catch up with current changes in market conditions.
“While there are some concerning signs, we believe there is no need to panic as we are almost at the end of the bear cycle. While we may suffer some short-term losses due to higher market volatility, the market recovery should also be quick and sharp.
“Furthermore, the Malaysian market appears to be partially insulated from the banking crisis in the US and Europe, with the companies we have invested in continuing to show strong fundamentals and good business prospects,” TA Investment said.
As the objective of the fund is for strong capital appreciation over the medium term, the fund will continue to invest in and grow along with young fledgling companies in Malaysia and the surrounding regions, it said.
