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TD Mutual Funds reports February Net Sales
TORONTO, March 6 /CNW/ - TD Asset Management Inc. (TDAM) announced total fund net sales of $845 million in the month of February, including long-term fund net sales of $363 million and money market fund net sales of $482 million. "We saw a significant spike in net sales as we approached the end of RSP season, a great sign that Canadians are using the tax advantages provided by an RSP," said Tim Pinnington, President, TD Mutual Funds. TD Mutual Funds' top selling long-term funds for the month included the TD Dividend Growth Fund, TD Canadian Equity Fund, TD Managed Aggressive Growth Portfolio, TD Dividend Income Fund and TD Balanced Growth Fund. "While the industry has been shifting away from the Canadian Equity category, TD's long term funds, such as the best selling TD Canadian Equity Fund, are showing strong results. This is a testament to the high standards we hold our results to and the caliber of management on these funds," added Pinnington. About TD Asset Management Inc. ------------------------------ Under the TD Mutual Funds name, TDAM provides a diverse range of over 70 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 February 29, 2008, TDAM was the fourth largest mutual fund company in Canada, with $55.7 billion invested in TD Mutual Funds.
For further information: Lisa Hodgins, TD Bank Financial Group, (416) 983-2982, firstname.lastname@example.org
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