TORONTO, Nov. 16, 2011 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, today announced portfolio adviser changes for the TD Balanced Income Fund (the Fund).

Effective on or about December 15, 2011, TDAM will assume portfolio adviser responsibilities for the TD Balanced Income Fund from Jarislowsky Fraser Limited. The Fund will be managed by Michael O'Brien, Vice President and Director, TDAM, and Christopher Case, Vice President and Director, TDAM. Asset allocation for the Fund will be overseen by Geoff Wilson, Managing Director, TDAM. Upon TDAM's commencement of portfolio adviser duties, the investment strategies will change to reflect the investment process of the incoming portfolio management team.

"Combining Michael's Canadian equity expertise with the capabilities of Christopher and Geoff of our fixed-income team provides investors access to TDAM's breadth of fund management expertise," said Sandra Cimoroni, Senior Vice President, TD Mutual Funds.

Michael O'Brien also assumed the portfolio management responsibility for the TD Canadian Blue Chip Equity Fund last year. "TDAM has a long-standing track record of providing blue chip and fixed-income investment solutions and with this change, we will be bringing this expertise to even more of our investors," said Cimoroni.

"We would like to thank Jarislowsky Fraser for their stewardship of this Fund during their tenure," added Cimoroni.

About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of over 70 mutual funds and 25 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 October 31, 2011, TDAM was the fourth largest mutual fund company in Canada, with $61.4 billion invested in TD Mutual Funds.