TD Asset Management Inc. Announces Portfolio Adviser Change

TORONTO, June 2 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, today announced a portfolio adviser change for the TD International Equity Growth Fund.

Effective June 1, 2010, Invesco Advisers, Inc. purchased a portion of the asset management services of Morgan Stanley Investment Management Inc., the current portfolio adviser for the TD International Equity Growth Fund. As a result of the transaction, Invesco Advisers, Inc. will become the portfolio adviser of the TD International Equity Growth Fund with the same portfolio management team of Hans van den Berg and David Sugimoto. There will be no change to the fund's investment objectives or strategies.

About TD Asset Management Inc.

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 May 31, 2010, TDAM was the fourth largest mutual fund company in Canada, with $55.5 billion invested in TD Mutual Funds.

SOURCE TD Asset Management Inc.

For further information: For further information: Toni-Lynn Raponi, TD Bank Financial Group, (416) 308-8596,

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