TORONTO, July 25, 2012 /CNW/ - TD Asset Management Inc. (TDAM), the
manager of the TD Target Return Conservative Fund (the Fund), today
announced a change to the risk rating of the Fund. The change is
reflected in the Fund's updated simplified prospectus filed with
Canadian securities regulators today.
The risk rating of the Fund has changed from "Low to Medium" to "Low" to
reflect the Fund's risk level. No changes have been made to the
investment objectives, strategies or management of the Fund, as set out
in the updated simplified prospectus.
This Fund, along with the TD Target Return Balanced Fund, are the first
funds in Canada to focus on seeking to achieve a defined target return.
The investment strategies of these Funds provide the Portfolio Managers
with the flexibility to choose from different asset classes and a wide
range of investments, including defensive investments, globally.
"Lowering the TD Target Return Conservative Fund's risk rating better
aligns it to the actual level of risk needed for the Fund to seek to
achieve its objectives," says Sandra Cimoroni, President, TD Mutual
Funds. "Investors can feel more secure knowing that the Fund has a low
risk rating and may be appropriate as a substitute for fixed income
investments in their portfolio."
In addition, TDAM is making changes to the Short Term Trading Fee period
for the e-Series Funds, other than the TD Managed Index Portfolios.
Effective on or about July 25, 2012, TDAM will reduce the Short Term
Trading Fee period of e-Series Funds from 90 days to 30 days, aligning
it with its Investor Series.
For more information on TD Asset Management 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 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 April 30,
2012, TDAM was the fourth largest mutual fund company in Canada, with
$65.5 billion invested in TD Mutual Funds.
SOURCE: TD Bank Group
For further information:
For media inquiries, please contact:
Ali Duncan Martin
TD Bank Group