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TD Asset Management Reports Sales Results for December
TORONTO, Jan. 6 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, reported total net sales of $129 million for December, long-term fund net sales of $251 million and money market fund net redemptions of $122 million. Assets invested in TD Mutual Funds reached a new high of $60 billion at of the end of the month, an increase of 1.5% from November 30, 2010.
"TD Comfort Portfolios, which launched just over two years ago, achieved a milestone in December, surpassing $3 billion in assets," said Thomas Dyck, President of TD Mutual Funds. "The Portfolios offer our customers the convenience and peace of mind that comes from high-quality investment solutions managed by one of the most experienced teams of fund managers in the industry."
Each TD Comfort Portfolio contains up to five underlying TD Mutual Funds which are professionally selected for each investor's specific investment preference - from conservative to growth. The portfolios are monitored by TDAM's portfolio managers who adjust them as needed in response to changing market conditions.
TD Mutual Funds top selling funds for December include the TD Income Advantage Portfolio, TD Comfort Balanced Income Portfolio, TD Comfort Balanced Portfolio, TD Comfort Balanced Growth Portfolio and TD Monthly Income Fund.
About TD Mutual Funds
Under the TD Mutual Funds name, TDAM provides a diverse range of over 70 mutual funds and 25 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 December 31, 2010, TDAM was the fourth largest mutual fund company in Canada, with over $60 billion invested in TD Mutual Funds.
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