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TD Mutual Funds reports strong sales in June
TORONTO, July 9 /CNW/ - TD Asset Management Inc. (TDAM) announced long-term fund net sales of $155 million and money market fund net sales of $100 million for total net fund sales of $255 million in the month of June. TD Mutual Funds' top selling funds for the month included the TD Income Advantage Portfolio, TD Dividend Income Fund, TD Monthly Income Fund, TD Dividend Growth Fund and the TD Managed Income Portfolio. "June caps off an extremely strong first half of the year for us," said Tim Pinnington, President, TD Mutual Funds. "The TD Managed Assets Program, in particular, continues to achieve tremendous net sales and to be a great investment solution for our clients." During the first half of 2007, TD Mutual Funds experienced record total net sales of $3.6 billion. More than $1.6 billion of the total net sales for the period were in the TD Managed Assets Portfolio program. Assets under management also grew by $4.2 billion to $55.3 billion since January 1. About TD Asset Management Inc. ------------------------------ Under the TD Mutual Funds name, TDAM provides a diverse range of over 65 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 June 30, 2007, TDAM was the fourth largest mutual fund company in Canada, with $55.3 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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