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TD Asset Management announces changes to certain funds
TORONTO, April 15 /CNW/ - TD Asset Management Inc. (TDAM) today announced the following name and investment objective changes to the TD Private Small/Mid-Cap Equity Fund:
TD Private Small/Mid-Cap Equity Fund will be re-named TD Private U.S. Mid-Cap Equity Fund. Its new fundamental investment objective will be to seek to achieve long-term capital growth by investing primarily in, or obtaining exposure to, equity securities of medium-capitalization issuers in the U.S., and small-capitalization issuers in the U.S., secondarily.
These changes will allow the fund to shift from a 50/50 Canada/U.S. asset mix to focus rather on the larger and more diversified U.S. mid-cap market. As a result of the change in objective, TDAM will assume responsibility as portfolio manager.
TDAM also announced name changes to the following funds:
TD Private Canadian Dividend Fund will become TD Private Canadian Diversified Yield Fund
TD Private Canadian Equity Fund will become TD Private Canadian Blue Chip Equity Fund
TD Private U.S. Equity Fund will become TD Private U.S. Blue Chip Equity Fund
TD Private U.S. Large-Cap Currency Neutral Fund will become TD Private U.S. Blue Chip Equity Currency Neutral Fund
This will ensure consistency of fund names across the TD Waterhouse Private Investment Counsel investment platform.
TD Asset Management Inc. is one of Canada's largest investment management firms, with leading market positions in active, enhanced and indexed portfolio management. It is a fully integrated investment management business that offers its clients a wide range of investment options, including mutual funds, pooled investment funds and segregated investment accounts. As of March 31, 2010, TD Asset Management Inc. and its affiliates had over C$174 billion in assets under management for pension, insurance, endowment/foundation and corporate clients, as well as for high-net worth clients and retail mutual funds.
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