TORONTO, Nov. 16, 2011 /CNW/ - TD Asset Management Inc. (TDAM), the
manager of TD Mutual Funds, today announced portfolio adviser changes
for the TD Balanced Income Fund (the Fund).
Effective on or about December 15, 2011, TDAM will assume portfolio
adviser responsibilities for the TD Balanced Income Fund from
Jarislowsky Fraser Limited. The Fund will be managed by Michael
O'Brien, Vice President and Director, TDAM, and Christopher Case, Vice
President and Director, TDAM. Asset allocation for the Fund will be
overseen by Geoff Wilson, Managing Director, TDAM. Upon TDAM's
commencement of portfolio adviser duties, the investment strategies
will change to reflect the investment process of the incoming portfolio
"Combining Michael's Canadian equity expertise with the capabilities of
Christopher and Geoff of our fixed-income team provides investors
access to TDAM's breadth of fund management expertise," said Sandra
Cimoroni, Senior Vice President, TD Mutual Funds.
Michael O'Brien also assumed the portfolio management responsibility for
the TD Canadian Blue Chip Equity Fund last year. "TDAM has a
long-standing track record of providing blue chip and fixed-income
investment solutions and with this change, we will be bringing this
expertise to even more of our investors," said Cimoroni.
"We would like to thank Jarislowsky Fraser for their stewardship of this
Fund during their tenure," added Cimoroni.
About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of over 70
mutual funds and 25 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 October 31, 2011, TDAM was the fourth
largest mutual fund company in Canada, with $61.4 billion invested in
TD Mutual Funds.
SOURCE TD Asset Management Inc.
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TD Bank Group