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TD Asset Management Inc. Launches Three New Pooled Funds
TORONTO, July 4 /CNW/ - As part of its ongoing commitment to broaden and deepen its institutional solution set, TD Asset Management Inc. (TDAM) announces the launch of three new pooled funds trusts (funds). Among the funds are two 'Active Extension' or '130/30' Funds: the TD Emerald 130/30 Enhanced Canadian Equity Pooled Fund Trust and the TD Emerald 130/30 Enhanced U.S. Equity Pooled Fund Trust. These funds employ the same investment process as the successful quantitative enhanced equity strategies and market neutral hedge funds already managed by TDAM. "130/30 Funds have proven very popular with U.S. institutional investors and TDAM is excited to be one of the first managers to bring these funds to the market in Canada, including a Canadian equity version," said Robin Lacey, Managing Director, TDAM. TDAM has also launched its fourth multi-strategy portable alpha fund, the TD Emerald Multi-Strategy Canadian Bond Fund. Like its existing multi-strategy funds, this fund aligns TDAM's leading index management and product structuring skills with its successful proprietary alpha generating strategies. It targets 3% of excess return over the Scotia Capital Universe Bond Index with minimal additional risk. "Clients large and small are searching the market place for strategies to generate additional return without substantially increasing risk - Portable Alpha is a proven and efficient risk-managed approach worth investigating," said Dino Bourdos, Vice President & Director, Portfolio Management, TDAM. About TD Asset Management Inc. TD Asset Management Inc. (TDAM) is one of Canada's largest investment management firms, with leading market positions in active, quantitative and passive portfolio management. TDAM is a fully integrated investment management business offering a wide-range of products and solutions to institutional and retail mutual fund clients including alternative investments and portfolio integration services such as transition management, rebalancing and overlay. As of March 31st, 2007, TDAM and its affiliates had over C$164B in asset under management on behalf of pension, insurance, endowment/foundation and corporate clients, as well as high net worth and retail mutual funds. TD Asset Management Inc. (TDAM) is a wholly-owned subsidiary of The Toronto-Dominion Bank (TD Bank).
For further information: Lisa Hodgins, TD Bank Financial Group, (416) 983-2982, lisa.hodgins@td.com
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