TORONTO, Sept. 25, 2012 /CNW/ - TD Asset Management Inc. (TDAM), the
manager of the TD Managed Maximum Equity Growth Portfolio and the TD
FundSmart Managed Maximum Equity Growth Portfolio (the "Portfolios"),
today announced changes to the neutral asset mix of the Portfolios.
TDAM will file an amendment to the Portfolios' simplified prospectus
reflecting the changes.
The Portfolios' neutral asset mix has changed from generally 100 percent
equity exposure to 90 percent equity exposure and 10 percent fixed
income exposure. The asset allocation will generally be maintained
within a range of 10 percent above or below the neutral weighting for
each asset class. The change allows for greater flexibility in order to
better respond to various market conditions. To reflect the change in
the neutral weighting, TDAM has also added "credit risk" and "interest
rate risk" to the Portfolios' fund-specific risks.
These changes do not alter the Portfolios' risk ratings or investment
objectives, as set out in the simplified prospectus.
For more information on TDAM and our investment solutions, please visit www.tdassetmanagement.com
About TD Asset Management Inc.
Under the TD Mutual Funds name, TD Asset Management (TDAM) provides a
diverse range of 70 mutual funds, 26 professionally managed
portfolios and 20 corporate class funds. TDAM manages retail mutual
fund assets on behalf of more than 1.7 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 August 31, 2012, TDAM was the fourth largest mutual
fund company in Canada, with $66.7 billion invested in TD Mutual Funds.
SOURCE: TD Asset Management Inc.
For further information:
For media inquiries, please contact:
TD Bank Group