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TD Mutual Funds reports June sales and assets
TORONTO, July 3 /CNW/ - TD Asset Management Inc. (TDAM) today reported long-term fund net sales totaling $316 million for the month, and money market fund net redemptions of $180 million. Assets invested in TD Mutual Funds totaled $50.2 billion as of the end of June. "We continued to see signs of momentum in our long-term fund sales for June, particularly our fixed-income products," said Tim Pinnington, President TD Mutual Funds. "We also reached our second-highest June on record for sales of long-term funds as investors and advisors continue to remain confident in the management of our mutual fund line-up," continued Pinnington. "Moreover, our gross redemptions remained low for the month, down nearly 50 per cent from last year, demonstrating that investors are sticking to their long-term strategies." TD Mutual Funds' highest selling long-term funds for the month include the TD Short Term Bond Fund, TD Dividend Growth Fund, TD Canadian Bond Fund, TD Corporate Bond Capital Yield Fund, and TD Dividend Income Fund. About TD Asset Management Inc. ------------------------------ Under the TD Mutual Funds name, TDAM provides a diverse range of over 60 mutual funds and 20 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, 2009, TDAM was the fourth largest mutual fund company in Canada, with $50.2 billion invested in TD Mutual Funds.
For further information: Maria Leung, TD Bank Financial Group, (416) 983-4093, firstname.lastname@example.org
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