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TD Mutual Funds reports May Net Sales
ORONTO, June 5 /CNW/ - TD Asset Management Inc. (TDAM) announced total fund net sales of $503 million in the month of May, including long-term fund net sales of $119 million and money market fund net sales of $384 million. "May was a solid month for TD Mutual Funds, even though retail investors did not return in large numbers to long-term funds when the Canadian equity market reached a new high," said Tim Pinnington, President TD Mutual Funds. "Gross redemptions were relatively low. This indicates that, for the most part, investors remain disciplined in sticking to their investment objectives," added Pinnington. TD Mutual Funds' top selling long-term funds for the month included the TD Canadian Bond Fund, TD Dividend Growth Fund, TD Dividend Income Fund, TD North American Dividend Fund and TD High Yield Income Fund. About TD Asset Management Inc. ------------------------------ Under the TD Mutual Funds name, TDAM provides a diverse range of over 60 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 May 31, 2008, TDAM was the fourth largest mutual fund company in Canada, with $58.8 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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