TORONTO, Feb. 4 /CNW/ - TD Asset Management Inc. (TDAM) today reported
long-term net redemptions of $18 million for the month, and money market net
redemptions of $86 million. Total net assets invested in TD Mutual Funds
totaled $45.5 billion as of the end of January.
"We have seen our net long-term fund sales continue to improve from the
lows experienced in October 2008," said Tim Pinnington, President TD Mutual
Funds. "This suggests that many investors and advisors are remaining focused
on long-term investment strategies and confident in the quality of our fund
TD Mutual Funds' top selling long-term funds for the month included the
TD High Yield Income Fund, TD Comfort Balanced Portfolio, TD Dividend Growth
Fund, TD Short Term Bond Fund, and TD Corporate Bond Capital Yield Fund.
About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of over 60
mutual funds and 20 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 January 31, 2009, TDAM was the
fourth largest mutual fund company in Canada, with $45.5 billion invested in
TD Mutual Funds.
For further information:
For further information: Maria Leung, TD Bank Financial Group, (416)