$667 million in net sales of all-in-one investment solution
TORONTO, March 9 /CNW/ - Faced with a multitude of options this RSP season, mutual fund investors chose the simplicity and convenience of the TD Comfort Portfolios. TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, reported net sales of the TD Comfort Portfolios of $667 million for the period of January 1 to March 1, out of total long-term fund net sales of $1.54 billion. Total sales for TD Mutual Funds during RSP season after money market fund net redemptions totaled $674 million.
"Investors returned confidently to long-term investing this RSP season, with many choosing the benefits of the TD Comfort Portfolios," said Thomas Dyck, President, TD Mutual Funds. "This is an investment solution that provides our customers with access to our best-in-class funds grouped together to meet their unique needs."
Sold exclusively at TD Canada Trust branches, each TD Comfort Portfolio contains up to five underlying TD Mutual Funds professionally selected for each investor's specific investment preference - from conservative to growth. The portfolios are constantly monitored by TDAM's portfolio managers who adjust them as needed to ensure that when markets change, the investments continue to meet customers' needs. Over $1.7 billion in assets have been invested in the TD Comfort Portfolios since the product launched in December 2008.
"The simplicity and ease of the TD Comfort Portfolios combined with the superior service provided by TD Canada Trust proved to be a winning formula for our customers this RSP season," continued Dyck.
Under the TD Mutual Funds name, TDAM provides a diverse range of over 60 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 February 28, 2010, TDAM was the fourth largest mutual fund company in Canada, with $55.7 billion invested in TD Mutual Funds.
SOURCE TD Bank Group
For further information: For further information: Maria Saros Leung, TD Bank Financial Group, (416) 983-4093, firstname.lastname@example.org; Steve Presant, Paradigm Public Relations, (416) 203-2223, email@example.com