KUALA LUMPUR 1 Oct. – TA Investment Management Berhad (TAIM) has declared gross income distributions of 2.0 sen per unit for TA Comet Fund (TACF) and 2.0 sen per unit for TA Asia Pacific Islamic Balanced Fund (TAIB) to the registered unit holders of the funds as at 30 September 2020.
TA Comet Fund aims to provide a channel for investors to invest in low-priced securities offering good value with great upside potential with a view of diversifying towards medium-priced securities and blue chips as the market moves higher over the medium to long-term. TACF has returned 12.32% over the one-year period as at 31 August 2020.
TA Asia Pacific Islamic Balanced Fund aims to provide steady income and capital growth over the medium to long-term period by focusing its investment in local and Asia Pacific listed and unlisted Shariah-compliant equity and related securities, Islamic fixed income securities, participation in mutual funds and other interests in collective investment schemes which complies with Shariah requirements.
TAIB has grown by 7.87% over a one-year period as at 31 August 2020. Liquidity continues to be the driving force in the market despite the on-going COVID-19 pandemic.
While the general public remained concerned about containing the disease, the investment marketplace has to absorb and house the trillions in stimulus money.
"Capital is cheap with record low interest rates. This has created the situation where too much money chases finite assets and this pushes the market up. The market is already on a bullish run and how long this will last is anybody’s guess.
"Our funds are staying fully invested in line with the buoyant market condition. However, the market is highly volatile and sentiment can change quickly,'' said TA Investment in a statement today.
Fund Managers are managing a delicate balance between optimising returns and reducing risks. They expect market direction to be affected by the same key factors such as the progression of the COVID-19 pandemic, the United States presidential election in November 2020, the US-China cold war stance and the political wrangling on the domestic front where the `excitement' level has increased a notch. - DagangNews.com
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