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TD Asset Management Inc. Announces the Addition of Series Extensions for Six Existing TD Managed Assets Program Portfolios
TORONTO, Nov. 5 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of TD Mutual Funds, announces the addition of three tax-efficient series for six existing TD Managed Assets Program portfolios ("TD MAP"). "The series extensions allow us to provide investment solutions that are a great way for investors to obtain a consistent monthly cash flow while maintaining their asset allocation," said Timothy Pinnington, President, TD Mutual Funds. "We are dedicated to providing well-managed investment solutions to serve the needs of advisors and their investors." This series extension introduces the new K-Series. The K-Series is designed to provide a tax-efficient cash flow option to larger investors with a minimum investment amount of $250,000. The capped management expense ratio ("MER") for the new K-Series units of the portfolios is at least 0.50% per annum below the capped MER for the H-Series units of the portfolios. The six existing managed portfolios offering new series units are as follows: Series Extensions (Now available in H, K and T-Series units) TD Managed Income Portfolio TD Managed Income & Moderate Growth Portfolio TD Managed Balanced Growth Portfolio TD FundSmart Managed Income Portfolio TD FundSmart Managed Income & Moderate Growth Portfolio TD FundSmart Managed Balanced Growth Portfolio About TD Managed Assets Program TD MAP is a fund-of-fund investment solution that offers investors a wide range of professionally designed and managed portfolios to suit their needs. Under the TD MAP umbrella, the TD Managed Portfolios are composed of funds from the award winning TD Mutual Funds lineup, while the TD FundSmart Managed Portfolios combine the strength of TD Mutual Funds with some of Canada's other leading mutual fund companies. As of September 30, 2007, TD MAP had combined assets under management of over $13 billion. 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 September 30, 2007, TDAM was the fourth largest mutual fund company in Canada, with $55.1 billion invested in TD Mutual Funds.
For further information: please see the TD Managed Assets Program prospectus, or contact: Kelly Hechler, (416) 982-2469, email@example.com
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