TA Investment Management Bhd (TAIM) has declared a distribution of four sen per unit to registered unit holders of TA South-East Asia Equity Fund (TASEA) as at Nov 30, 2011.
In a statement today, TAIM said the fund has been giving consistent positive returns since its launch on Nov 28, 2005, culminating in a total gain of 78.68 per cent as at Oct 31 this year.
The fund has outperformed its benchmark, FTSE Asean 40 Index, which registered a return of 58.37 per cent over the same period, it said.
TAIM said the fund aimed to provide a steady income and long-term capital growth by investing primarily in quoted or listed equities and equity related instruments, including real estate investment trusts in South-East Asian markets.
The external investment manager for TASEA is Lion Global Investors Ltd.
Meanwhile, TASEA'S external investment manager, Kelvin Wong, said TAIM remained cautious on the region's medium-term outlook due to the weakness seen in the developed economies.
"In the US, household deleveraging is still ongoing, and in Europe, the sovereign debt crisis remains unsolved.
"Asian economies, on the other hand, are expected to fare better due to both stronger macro and corporate balance sheets," he said.
Wong said growth rates were expected to slow, dragged by weaker demand from the Western countries. -- Bernama
In a statement today, TAIM said the fund has been giving consistent positive returns since its launch on Nov 28, 2005, culminating in a total gain of 78.68 per cent as at Oct 31 this year.
The fund has outperformed its benchmark, FTSE Asean 40 Index, which registered a return of 58.37 per cent over the same period, it said.
TAIM said the fund aimed to provide a steady income and long-term capital growth by investing primarily in quoted or listed equities and equity related instruments, including real estate investment trusts in South-East Asian markets.
The external investment manager for TASEA is Lion Global Investors Ltd.
Meanwhile, TASEA'S external investment manager, Kelvin Wong, said TAIM remained cautious on the region's medium-term outlook due to the weakness seen in the developed economies.
"In the US, household deleveraging is still ongoing, and in Europe, the sovereign debt crisis remains unsolved.
"Asian economies, on the other hand, are expected to fare better due to both stronger macro and corporate balance sheets," he said.
Wong said growth rates were expected to slow, dragged by weaker demand from the Western countries. -- Bernama
