TD Bank Group Newsroom
TD Mutual Funds reports August Net Sales
TORONTO, Sept. 5 /CNW/ - TD Asset Management Inc. (TDAM) announced total net sales of $83 million, including long-term fund net sales of $1 million and money market fund net sales of $82 million. Total net assets invested in TD Mutual Funds totaled $57.6 billion as of the end of August. "August is traditionally a slow month for mutual fund sales, and this August was no exception," said Tim Pinnington, President, TD Mutual Funds. "Our gross sales in long-term funds continue to reflect a muted industry sales environment as money market funds are receiving the majority of new money." "Despite the uncertainty in the markets, TD Mutual Funds continues to seek to deliver long-term results for our investors," continued Pinnington. "We are especially proud of our top-selling fund this month, the TD Canadian Equity Fund, managed by John Smolinski." Other top selling long-term funds for the month included the TD Dividend Income Fund, TD Canadian Bond Fund, TD Real Return Bond Fund and TD Global Multi-Cap Fund. About TD Asset Management Inc. ------------------------------ Under the TD Mutual Funds name, TDAM provides a diverse range of over 60 mutual funds and 15 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 August 31, 2008, TDAM was the fourth largest mutual fund company in Canada, with $57.6 billion invested in TD Mutual Funds.
For further information: Maria Leung, TD Bank Financial Group, (416) 983-4093, email@example.com
Get News Alerts by Email
Receive breaking news from TD Bank Group directly to your inbox.