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Kuala Lumpur, 15th December 2021 – TA Investment Management Berhad (“TAIM”) has officially launched a new fund, the TA Dana Income PLUS Fund (“the Fund”).
TA Dana Income PLUS Fund,aims provide regular income by investing in Islamic fixed income instruments including Islamic money market instruments. The Fund will be on offer over the period of twelve (12) days from the Launch Date of the Fund, 15th December 2021.
The Fund seeks to achieve its investment objective by investing primarily in Islamic fixed income instruments including Islamic money market instruments with shorter-term maturity (i.e. not more than 3 years). The Manager may also invest in Islamic fixed income instruments including Islamic money market instruments with longer-term maturity (i.e. more than 3 years). The Manager will decide on the asset allocation of the Fund based on economic growth, interest rate trends, market liquidity conditions and market opportunities. For example, the Manager may seize the opportunity to hold more of the investments with longer-term maturity in order to obtain higher yield.