TORONTO, June 5 /CNW/ - TD Asset Management Inc. (TDAM) announced total
fund net sales of $503 million in the month of May, including long-term fund
net sales of $119 million and money market fund net sales of $384 million.
"May was a solid month for TD Mutual Funds, even though retail investors
did not return in large numbers to long-term funds when the Canadian equity
market reached a new high," said Tim Pinnington, President TD Mutual Funds.
"Gross redemptions were relatively low. This indicates that, for the most
part, investors remain disciplined in sticking to their investment
objectives," added Pinnington.
TD Mutual Funds' top selling long-term funds for the month included the
TD Canadian Bond Fund, TD Dividend Growth Fund, TD Dividend Income Fund, TD
North American Dividend Fund and TD High Yield Income Fund.
About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of over
60 mutual funds and 15 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 May 31, 2008, TDAM was the
fourth largest mutual fund company in Canada, with $58.8 billion invested in
TD Mutual Funds.
For further information:
For further information: Maria Leung, TD Bank Financial Group, (416)