TORONTO, July 19, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the
manager of TD Mutual Funds, announced today that Epoch Investment
Partners, Inc. (Epoch) will assume portfolio adviser responsibilities
of the following funds (the Funds), effective July 31, 2013:
Epoch's appointment as portfolio adviser follows TD Bank Group's
acquisition of Epoch Holding Corporation on March 27, 2013.
There will be no change to the Funds' investment objectives, however the
Funds' investment strategies will change to include Epoch's philosophy
of investing in companies that have the ability to generate free cash
flow and effectively allocate capital, which Epoch believes represents
the best predictor of long-term shareholder return.
"Both mandates will benefit from Epoch's considerable expertise and
experience," said Paul Orlander, President, TD Mutual Funds. "The TD
Global Dividend Fund will leverage Epoch's Global Equity Shareholder
Yield strategy, which is at the core of its product offerings, while
the TD European Growth Fund will provide investors with enhanced
exposure to companies in the European Union, a market which makes up 25
percent of the world's economy. We look forward to working alongside
Epoch in delivering investment excellence and long-term value to
Epoch is a successful asset management firm based in New York City.
Founded in 2004, Epoch has 70 employees and their asset management team
has an average of over 20 years of investment management experience.
With a collaborative and client-focused culture, Epoch will work with
TDAM to help clients achieve their investment goals. As of June 30,
2013, Epoch managed approximately US$29.2 billion assets under
management for clients, predominately institutional, around the world.
About TD Asset Management Inc.
Through TD Mutual Funds, TD Asset Management Inc. (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 Direct Investing, TD Wealth Financial
Planning, TD Wealth Private Investment Advice as well as independent
investment dealers. As of May 31, 2013 TDAM was the fourth largest
mutual fund company in Canada, with CDN$75.2 billion invested in TD
SOURCE: TD Asset Management Inc.
For further information:
TD Bank Group