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TD Asset Management Reports Sales Results for January
TORONTO, Feb. 3 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, reported total net sales of $176 million for January 2011, including long-term fund net sales of $365 million and money market fund net redemptions of $189 million. Assets invested in TD Mutual Funds were $60.5 billion at of the end of the month, representing an increase of 11% from January 31, 2010.
"We had terrific performance in our retail channel in January, with an increase of over 44% in long-term fund net sales over last January," said Thomas Dyck, President of TD Mutual Funds. "When you combine superior customer service with professionally-managed TD Comfort Portfolios, it's a winning combination for our investors."
With the RSP-season investing well underway, top-selling funds and portfolios for January include: TD Comfort Balanced Growth Portfolio, TD Monthly Income Fund, TD Income Advantage Portfolio, TD Comfort Balanced Portfolio and the TD Comfort Balanced Income Portfolio.
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 January 31, 2011, TDAM was the fourth largest mutual fund company in Canada, with over $60.5 billion invested in TD Mutual Funds.
Ali Duncan Martin, TD Bank Group, 416-983-4412, Ali.DuncanMartin@td.com
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