TORONTO, Oct. 18 /CNW/ - TD Asset Management Inc. ("TDAM") and
Diversified Global Asset Management ("DGAM") are pleased to announce returns
of the following turnkey portable alpha solutions, which were launched to
Canadian institutional investors last year:

        Diversified Value Added - Long Bond Fund Pooled Fund Trust
        Diversified Value Added - Real Return Bond Fund Pooled Fund Trust
        Diversified Value Added - U.S. Equity Fund Pooled Fund Trust

    The Funds are built on the strategy that better risk-adjusted outcomes
can be generated by separating the production of beta (market return) from
that of alpha (return in excess of market). In addition, the Funds harness an
alternative source of alpha, in this case DGAM's Fund of Hedge Funds, to
enhance the offering by diversifying the underlying sources of return so as to
eliminate correlations to the chosen beta.
    "As we pass the first anniversary of the Funds, it's great to see that
they've delivered on all fronts," said Robin Lacey, Managing Director, TDAM.
"The combination of beta and alpha has generated strong attractive
risk-adjusted returns with low correlation between the sources of return. The
Funds were tested by and withstood recent market turbulence, and the returns
are outstanding."
    "DGAM has built an institutional-quality alpha engine that expressly
targets low volatility, is beta-neutral, preserves duration and employs
portfolio hedges to limit downside risk during extreme market events," said
George Main, Chief Investment Officer, DGAM.

    Diversified Value Added ("DVA") Pooled Fund Trust Class B, Performance:
    1 Year Ending July 31, 2007

    -------------------------------------------------------------------------
                                                             Added  Tracking
                                                  Return     Value     Error
    -------------------------------------------------------------------------
    DVA - Long Bond Fund Pooled Fund Trust         6.97%     4.38%     0.91%
    -----------------------------------------------------
      Scotia Capital Long Bond Index               2.59%
    -------------------------------------------------------------------------
    DVA - Real Return Bond Fund Pooled Fund                  4.52%     0.92%
     Trust                                         2.57%
    -----------------------------------------------------
      Scotia Capital Real Return Bond Index       -1.95%
    -------------------------------------------------------------------------
    DVA - U.S. Equity Fund Pooled Fund Trust      20.66%     4.53%     0.74%
    -----------------------------------------------------
      S&P 500 Total Return Index (US$)            16.13%
    -------------------------------------------------------------------------
    Note: Performance is net of all management and performance fees. The
    approach used derives net of fee returns and assumes the current
    investment management fee schedule of a 1.2% annual base fee (accrued
    monthly) plus a performance fee equal to 10% of the net returns in excess
    of the respective Index. The performance fee is calculated on a monthly
    basis with a high watermark. The above data are an estimate of the
    performance fees payable as the actual performance fee is paid annually.
    Past performance is not indicative of future performance. TD Asset
    Management Inc. is a wholly owned subsidiary of The Toronto-Dominion
    Bank.
    -------------------------------------------------------------------------

    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 funds including alternative investments and portfolio
integration services such as transition management, rebalancing and overlay.
As of Sept 30, 2007, TDAM and its affiliates had over $161B in assets under
management.

For further information: Lisa Hodgins, TD Bank Financial Group, (416)
983-2982, lisa.hodgins@td.com