TD Asset Management launches two new Balanced Funds and expands the Corporate Class Offering
TORONTO, Sept. 12, 2012 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, today announced the launch of two new Balanced Funds - TD Tactical Monthly Income Fund and TD Strategic Yield Fund - and the expansion of its Corporate Class offering with six additional corporate classes. These funds align with the needs of investors, demonstrating TDAM's commitment to building valuable investment solutions.
With a flexible approach to asset allocation and a focus on investments in income-producing securities, the TD Tactical Monthly Income Fund and TD Strategic Yield Fund are designed to earn income and capital appreciation.
"The new funds, which seek to bring growth potential or low volatility to an investor's portfolio, are great additions to the TD Mutual Fund family," says Sandy Cimoroni, President, TD Mutual Funds.
Expansion of the Corporate Classes provides investors with an even broader range of options within the TD Mutual Funds line-up. The Corporate Classes span different asset classes, from fixed income to equity funds and also includes balanced fund options. For investors looking for tax-efficient investment solutions, Corporate Classes provide investors with the ability to defer taxes when switching between classes and the flexibility to decide when to trigger a capital gain or loss. The Corporate Classes now include:
- TD Canadian Low Volatility Class
- TD Tactical Monthly Income Class
- TD Fixed Income Capital Yield Pool Class
- TD Dividend Income Class
- TD Global Low Volatility Class
- TD Global High Yield Capital Class*
*Please note: the TD Global High Yield Capital Class will be available on September 13, 2012.
"These products continue to build on our innovative and responsive approach to meeting our clients' needs," adds Cimoroni. "The low-volatility funds in the Corporate Class offering seek to reduce volatility, something that is increasingly important to investors. These low-volatility funds together with the new Balanced funds and the expansion of our Corporate Class offering are excellent examples of product solutions investors look for, and expect, from one of Canada's leading asset managers."
For more information, please see the applicable TD Mutual Funds prospectus: http://www.tdassetmanagement.com/Content/Download/p_Download.asp?FILE_TYPE_ID=52.
About TD Asset Management Inc.
Under the TD Mutual Funds name, TD Asset Management (TDAM) provides a diverse range of 66 mutual funds, 30 professionally managed portfolios and 20 corporate class funds. TDAM manages retail mutual fund assets on behalf of more than 1.7 million investors and TD Mutual Funds is one of the most broadly diversified fund families in Canada. Funds are available at TD Canada Trust branches (through TD Investment Services Inc. representatives), TD Waterhouse Discount Brokerage, Financial Planning and Private Investment Advice, as well as leading investment dealers, independent brokers, advisors and financial planners. As of August 31, 2012, TDAM was the fourth largest mutual fund company in Canada, with $66.7 billion invested in TD Mutual Funds.
SOURCE: TD Asset Management Inc.
For media inquiries, please contact:
Amanda Tran
TD Bank Group
416-983-7212
[email protected]
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