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TD Mutual Funds introduces TD Target Return Funds and TD Global Low Volatility Fund
Expands TD Comfort Portfolios line-up
Builds on strength of institutional platform with over $1B AUM in low volatility strategies across the enterprise
TORONTO, Nov. 28, 2011 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, today announced the launch of the TD Target Return Conservative Fund, the TD Target Return Balanced Fund, and the TD Global Low Volatility Fund, and the expansion of its TD Comfort Portfolios line-up with the launch of the TD Conservative Income Portfolio.
The only funds of their kind available in Canada, TD Target Return Funds take a unique approach to investing by seeking to provide potential protection against inflation, reduced volatility and seeking to achieve a defined target return over a 5-year period. For investors who want solutions that offer the potential for more stability during market volatility, the TD Target Return Funds may be the ideal investment solution.
"We're pleased to be the first fund company in Canada to offer these types of investment strategies to individual investors. TD Target Return Funds seek to achieve a specific return, while potentially reducing volatility by only taking on the risk needed to achieve the target return," says Sandra Cimoroni, President, TD Mutual Funds. "TD Target Return Funds were launched in TD Waterhouse Financial Planning in September and they have been a tremendous success. We're excited to make them available to additional advisors and investors."
The TD Global Low Volatility Fund is another unique solution which provides investors with access to developed and emerging market equities within a framework that seeks to reduce volatility. The Fund leverages TDAM's proprietary institutional investment strategies which seek to deliver market returns with lower volatility.
"We're excited to leverage TDAM's institutional expertise to bring the TD Global Low Volatility Fund to individual investors," says Cimoroni. TDAM's institutional low volatility equity funds - which are also unique to institutional investors in Canada - have reached over $1 billion in assets under management across the enterprise since inception in 2009.
"With continued market volatility, investors - particularly those nearing and in retirement - are looking for solutions that provide potential for growth without taking on undue risk, and our Target Return and Low Volatility Funds address this need," adds Cimoroni.
TDAM has expanded TD Comfort Portfolios with the introduction of the TD Conservative Income Portfolio. This low risk portfolio seeks to provide investors with income and modest potential for long-term growth. TD Comfort Portfolios were originally launched in December 2008 with each Portfolio comprised of high-quality TD Mutual Funds. They are professionally managed and selected for an investor's specific investment goals and risk tolerance, from conservative to aggressive growth.
For more information, please see the applicable TD Mutual Funds prospectus.
About TD Asset Management Inc.
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 October 31, 2011, TDAM was the fourth largest mutual fund company in Canada, with $61.4 billion invested in TD Mutual Funds.
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