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TD Mutual Funds reports April Net Sales
TORONTO, May 6 /CNW/ - TD Asset Management Inc. (TDAM) announced long-term fund net sales of $20 million and money market fund net redemptions of $91 million for total net fund redemptions of $71 million in the month of April. Total net assets invested in TD Mutual Funds totaled $57.4 billion as at the end of April. "April has seen a strong recovery in the financial markets and, as a result, our assets under management have surpassed previous highs," said Tim Pinnington, President TD Mutual Funds. "This demonstrates the wisdom of maintaining a disciplined investment strategy and sticking to it through volatile markets." "Despite the upturn in the market, investors remain cautious and are continuing to stick to the sidelines in the short-term," added Pinnington. TD Mutual Funds' top selling long-term funds for the month included the TD Dividend Income Fund, TD Canadian Bond Fund, TD Dividend Growth Fund, TD High Yield Income Fund, and TD North American Dividend Fund. About TD Asset Management Inc. ------------------------------ Under the TD Mutual Funds name, TDAM provides a diverse range of over 64 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 April 30, 2008, TDAM was the fourth largest mutual fund company in Canada, with $57.4 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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