TORONTO, July 7 /CNW/ - TD Asset Management Inc. (TDAM) announced money
market fund net sales of $44 million and long-term fund net redemptions of $34
million for total net sales of $10 million in the month of June. Total net
assets invested in TD Mutual Funds totaled $57.5 billion as of the end of
June.
    TD Mutual Funds' top selling long-term funds for the month included the
TD Canadian Equity Fund, TD High Yield Income Fund, TD Dividend Growth Fund,
TD Latin American Growth Fund, and TD Real Return Bond Fund.

    About TD Asset Management Inc.
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    Under the TD Mutual Funds name, TDAM provides a diverse range of over 60
mutual funds and 15 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 June 30, 2008, TDAM was the
fourth largest mutual fund company in Canada, with $57.5 billion invested in
TD Mutual Funds.

For further information: Maria Leung, TD Bank Financial Group, (416)
983-4093, maria.leung@td.com