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TD Mutual Funds reports January sales and assets
TORONTO, Feb. 4 /CNW/ - TD Asset Management Inc. (TDAM) today reported long-term net redemptions of $18 million for the month, and money market net redemptions of $86 million. Total net assets invested in TD Mutual Funds totaled $45.5 billion as of the end of January. "We have seen our net long-term fund sales continue to improve from the lows experienced in October 2008," said Tim Pinnington, President TD Mutual Funds. "This suggests that many investors and advisors are remaining focused on long-term investment strategies and confident in the quality of our fund managers." TD Mutual Funds' top selling long-term funds for the month included the TD High Yield Income Fund, TD Comfort Balanced Portfolio, TD Dividend Growth Fund, TD Short Term Bond Fund, and TD Corporate Bond Capital Yield Fund. About TD Asset Management Inc. ------------------------------ Under the TD Mutual Funds name, TDAM provides a diverse range of over 60 mutual funds and 20 professionally managed portfolios. TDAM manages retail mutual fund assets on behalf of more than 1.4 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 January 31, 2009, TDAM was the fourth largest mutual fund company in Canada, with $45.5 billion invested in TD Mutual Funds.
For further information: Maria Leung, TD Bank Financial Group, (416) 983-4093, email@example.com
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