TORONTO, May 6 /CNW/ - TD Asset Management Inc. (TDAM) announced
long-term fund net sales of $20 million and money market fund net redemptions
of $91 million for total net fund redemptions of $71 million in the month of
April. Total net assets invested in TD Mutual Funds totaled $57.4 billion as
at the end of April.
    "April has seen a strong recovery in the financial markets and, as a
result, our assets under management have surpassed previous highs," said
Tim Pinnington, President TD Mutual Funds. "This demonstrates the wisdom of
maintaining a disciplined investment strategy and sticking to it through
volatile markets."
    "Despite the upturn in the market, investors remain cautious and are
continuing to stick to the sidelines in the short-term," added Pinnington.
    TD Mutual Funds' top selling long-term funds for the month included the
TD Dividend Income Fund, TD Canadian Bond Fund, TD Dividend Growth Fund,
TD High Yield Income Fund, and TD North American Dividend Fund.

    About TD Asset Management Inc.
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    Under the TD Mutual Funds name, TDAM provides a diverse range of over
64 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 April 30, 2008, TDAM was the
fourth largest mutual fund company in Canada, with $57.4 billion invested in
TD Mutual Funds.

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