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TD Asset Management Inc. launches first suite of Alternative Investment Solutions
TORONTO, April 24, 2019 /CNW/ - Today, TD Asset Management Inc. ("TDAM") announced two new alternative investment solutions for accredited investors: the TD Greystone Mortgage and Short Bond Pooled Fund Trust and the TD Emerald Private / Public Debt Pooled Fund Trust (the "Funds").
The Funds are available exclusively to TD Wealth Private Wealth Management clients and provide access to TD Greystone Asset Management's ("TD Greystone") portfolio investment expertise in alternative assets.
"These funds offer investors the potential benefit of diversification because of their low correlation to the equity market, as well as protection against inflation," says Bruce Cooper, CEO and CIO, TDAM. "This is the first of several investment products that will tap into the extensive experience of both firms to meet the unique investing needs of our Private Wealth Management clients."
The TD Greystone Mortgage and Short Bond Pooled Fund Trust seeks to provide income and preserve capital over the long-term by primarily investing in, or gaining exposure to, a diversified portfolio of Canadian commercial mortgages and fixed income investments.
The TD Emerald Private / Public Debt Pooled Fund Trust seeks to provide income and preserve capital over the long-term by primarily investing in, or gaining exposure to, private and public fixed income securities.
"We are committed to delivering an elevated investing experience for clients by helping them to build wealth and protect what truly matters to them," says Dave Kelly, SVP and Head of Private Wealth Management and Financial Planning, TD Bank Group. "These new funds, led by the expertise of TDAM and TD Greystone, offer an exclusive opportunity for our High Net Worth clients as we can now offer a more holistic approach to how we build and grow client portfolios."
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by branches and serves more than 25 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with more than 12 million active online and mobile customers. TD had CDN$1.3 trillion in assets on January 31, 2019. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
About TD Asset Management Inc.
TD Asset Management (TDAM), a member of TD Bank Group, is a North American investment management firm. Operating through TD Asset Management Inc. in Canada and TDAM USA Inc. in the U.S., TDAM brings new thinking to investors' most important challenges. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and corporate class funds. Asset management businesses at TD manage $388.0 billion in assets as at March 31, 2019. Assets under management include TD Asset Management Inc., TDAM USA Inc., Epoch Investment Partners Inc. (Epoch) and TD Greystone Asset Management. TD Greystone Asset Management represents Greystone Managed Investments Inc., a wholly-owned subsidiary of Greystone Capital Management Inc. All entities are wholly-owned subsidiaries of The Toronto-Dominion Bank.
About TD Greystone Asset Management
TD Greystone Asset Management represents Greystone Managed Investments Inc., a wholly-owned subsidiary of Greystone Capital Management Inc. TD Greystone Asset Management ("TD Greystone") is an institutional money manager based in Regina with additional offices in Toronto, Winnipeg and Hong Kong. Since 1988, TD Greystone has been offering a full range of multi-asset class solutions with in-house teams covering fixed income, Canadian equities, U.S. equities, international equities, real estate, mortgages and infrastructure. In November 2018, The Toronto-Dominion Bank (TD) completed the acquisition of Greystone Capital Management Inc. ("GCMI"), parent company of Greystone Managed Investments Inc. This transaction provides the asset management businesses of TD one of the broadest offerings of investment solutions in Canada and will provide clients access to alternative investments and the ability to further integrate private and public asset classes into their portfolios. To learn more about TD Greystone, please visit www.greystone.ca.
SOURCE TD Asset Management Inc.
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