KUALA LUMPUR: TA Investment Management Bhd (TAIM) has declared a total of 8.5 sen income distributions for three funds.

       In a statement, TAIM said it declared gross income distributions of 4.0 sen per unit for TA Dana Fokus (TADF), 3.0 sen per unit for TA Small Cap Fund (TASF) and 1.5 sen per unit for TA Asia Pacific REITs Income Fund (TAREITs) to the registered unit holders of the funds as at April 29.

       According to TAIM, TADF had an encouraging total return of 8.21% while TASF had a strong total return of 26.81% over one year as of March 31.

       TAIM said its immediate strategy is to seek value stocks or oversold stocks that should have limited downsides but are sensitive to positive news.

       “We believe that fund managers need to be sector and stock-specific to increase the chances of generating decent returns in this environment.

       “We remain positive on sectors that will benefit from the full economic re-opening, such as airlines, airports and consumer goods, particularly those benefitting from increased tourist activity. Oversold technology stocks are also beneficial for technical rebounds and future prospects,” it said.

       Meanwhile, TAREITs achieved consistent total returns of 4.68% over one year as of March 31.

       “The prospect of recovering economic activity should lead to better conditions for REITs as more people return to malls and offices, manufacturing activities pick up, and tourists fill up hotels.

       “While rising interest rates may temper growth, REITs with better capital management and growth strategies will thrive well,” TAIM said, adding that nevertheless, REITs yields remain attractive.