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TD Mutual Funds reports February sales and assets
TORONTO, March 3 /CNW/ - TD Asset Management Inc. (TDAM) today reported long-term net sales of $51 million for the month, and money market net redemptions of $146 million. Net assets invested in TD Mutual Funds totaled $44.6 billion as of the end of February. "Overall, sales of long-term funds this RSP season were muted as investors remain anxious about the recent declines in the financial markets," said Tim Pinnington, President, TD Mutual Funds. Sales of TD Comfort Portfolios, available through TD Canada Trust branches(1), totaled $66 million for the month. "Since launching the product in December 2008, we have seen net sales of the Comfort Portfolios totaling over $120 million," said Pinnington. "This is a strong response by our customers to a simple, diversified product that offers high-quality funds and top-notch fund management." TD Mutual Funds' highest selling long-term funds for the month were the TD Comfort Balanced Portfolio, TD Short Term Bond Fund, TD Comfort Growth Portfolio, TD Corporate Bond Capital Yield Fund, and TD Dividend Growth 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 February 28, 2009, TDAM was the fourth largest mutual fund company in Canada, with $44.6 billion invested in TD Mutual Funds. -------------------------- (1) Mutual funds representatives with TD Investment Services Inc. distribute mutual funds at TD Canada Trust branches.
For further information: Maria Leung, TD Bank Financial Group, (416) 983-4093, email@example.com
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