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TD Asset Management Launches Actively Managed ETFs
New funds will provide clients with a suite of actively-managed, exchange-traded investment solutions
TORONTO, Nov. 14, 2018 /CNW/ - TD Asset Management Inc. ("TDAM"), today announced the launch of three, actively-managed TD Exchange Traded Funds ("TD ETFs"). The launch of the new TD ETFs broadens TD's diverse suite of product offerings and commitment to providing clients with innovative solutions to help meet their investment needs. The new TD ETFs are competitively priced and are specifically designed to seek out strong, risk-adjusted returns.
"As clients are continually looking for ways to diversify their portfolios at a lower cost, offering actively-managed TD ETFs to an already diverse and innovative lineup of investment solutions is another example of how TDAM is committed to striving to provide clients with a best-in-class investing experience to help them achieve their financial goals," said Bruce Cooper, CEO & CIO, TD Asset Management.
The following actively-managed TD ETFs will begin trading on the Toronto Stock Exchange today:
TD Active Preferred Share ETF (Ticker: TPRF)
TD Active Preferred Share ETF will invest primarily in Canadian listed preferred shares that seek to increase the yield of an investor's portfolio. The annual management fee is 0.45% of NAV.
TD Select Short Term Corporate Bond Ladder ETF (Ticker: TCSB)
The TD Select Short Term Corporate Bond Ladder ETF seeks to earn a high rate of interest while preserving capital through exposure to the performance of a diversified portfolio of primarily investment-grade Canadian corporate bonds. The ETF may also look for added value from non-Canadian and/or non-investment-grade debt instruments to help enhance total return. The annual management fee is 0.25% of NAV.
TD Select U.S. Short Term Corporate Bond Ladder ETF (Ticker: TUSB / TUSB.U)
The TD Select U.S. Short Term Corporate Bond Ladder ETF seeks to earn a high rate of interest while preserving capital through exposure to the performance of a diversified portfolio of primarily investment-grade U.S. corporate bonds. The ETF may also look for added value from non investment-grade debt instruments to help enhance total return. The annual management fee is 0.25% of NAV.
"These new ETFs provide investors with additional choice and flexibility to help manage risk, reduce portfolio volatility and potentially outperform the market," added Cooper. "As Canada's largest asset manageri, we have extensive experience in managing ETFs for institutional clients and following the introduction of our passive ETFs in 2016 for retail clients, this is a natural extension of our offering."
For additional information, including each fund's prospectus, visit TDAssetManagement.com
About TD Asset Management Inc.
TD Asset Management (TDAM), a member of TD Bank Group, is a North American investment management firm. Operating through TD Asset Management Inc. in Canada and TDAM USA Inc. in the U.S., TDAM brings new thinking to investors' most important challenges. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and corporate class funds. Asset management businesses at TD manage $391.3 billion in assets as at September 30, 2018. Assets under management include TD Asset Management Inc., TDAM USA Inc., Epoch Investment Partners Inc. (Epoch) and TD Greystone Asset Management. TD Greystone Asset Management represents Greystone Managed Investments Inc., a wholly-owned subsidiary of Greystone Capital Management Inc. All entities are wholly-owned subsidiaries of The Toronto-Dominion Bank.
i Strategic Insight Managed Money Advisory Service – Canada (Spring 2018 report, AUM effective December 2017), Benefits Canada 2018 Top 40 Money Managers report (May 2018 report, AUM effective December 2017); Assets under management as of September 30, 2018 for Greystone.
SOURCE TD Asset Management Inc.
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