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TAIM - declares distribution for 2 funds

TA Investment Management Bhd has declared a gross income distribution of 3 sen per unit for TA Income Fund (TI) and 0.5 sen per unit for TA Asian Dividend Income Fund (TADIF) for its unitholders. The company remains positive on Asia for the medium to long term, given the strong economic fundamentals and compelling valuations. "We believe market corrections are healthy and investors will have to ride out these bumps," TA Investment Management added. As at June 28, 2013, TA Investment Management, a subsidiary of TA Securities Holdings Bhd, has total assets of RM733 million, being a combination of unit trust funds and direct mandate portfolios under its management.

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