TORONTO, July 9 /CNW/ - TD Asset Management Inc. (TDAM) announced
long-term fund net sales of $155 million and money market fund net sales of
$100 million for total net fund sales of $255 million in the month of June.
    TD Mutual Funds' top selling funds for the month included the TD Income
Advantage Portfolio, TD Dividend Income Fund, TD Monthly Income Fund, TD
Dividend Growth Fund and the TD Managed Income Portfolio.
    "June caps off an extremely strong first half of the year for us," said
Tim Pinnington, President, TD Mutual Funds. "The TD Managed Assets Program, in
particular, continues to achieve tremendous net sales and to be a great
investment solution for our clients."
    During the first half of 2007, TD Mutual Funds experienced record total
net sales of $3.6 billion. More than $1.6 billion of the total net sales for
the period were in the TD Managed Assets Portfolio program. Assets under
management also grew by $4.2 billion to $55.3 billion since January 1.

    About TD Asset Management Inc.
    ------------------------------
    Under the TD Mutual Funds name, TDAM provides a diverse range of over 65
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, 2007, TDAM was the
fourth largest mutual fund company in Canada, with $55.3 billion invested in
TD Mutual Funds.

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