TORONTO, Aug. 7, 2015 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Private Funds, today announced a portfolio adviser change for the TD Private International Stock Fund (the "Fund").
Effective on or about September 8, 2015, Epoch Investment Partners, Inc. (Epoch) will join TDAM to serve as a portfolio adviser to the Fund.
Epoch, in its capacity as portfolio adviser, will manage the Fund's EAFE (Europe, Australasia and Far East) exposure. Bill Booth, CFA, Managing Director and Portfolio Manager for Epoch, will focus on achieving the fundamental objectives of the Fund by primarily investing in international developed market equities.
TDAM, in its capacity as portfolio adviser, will manage the Fund's exposure to emerging market equities. Jean Masson, Ph.D., Managing Director of TDAM's Quantitative Investment team, will strive to achieve long-term capital appreciation by investing primarily in emerging market equities, while seeking to reduce volatility.
In addition, Geoff Wilson, Managing Director, TDAM, will oversee the Fund's strategic asset allocation and determine the Fund's allocation to international developed market equities and its exposure to emerging market equities.
There will be no change to the Fund's investment objectives, however the Fund's investment strategies will change to include Epoch's philosophy of investing in companies that have demonstrated the ability to generate free cash flow and effectively allocate capital, which Epoch believes represents the best predictor of long-term shareholder return. Furthermore, the investment strategies will change to reflect TDAM's proprietary approaches to strategic asset allocation and to obtaining exposure to emerging market equities.
For more information, please see the applicable TD Private Funds prospectus: https://www.tdassetmanagement.com/Fund-Document/pdf/Prospectus/TD-Private-Funds/TD_PIC_SP_Final_E.pdf
About Epoch Investment Partners
Epoch Investment Partners ("Epoch") is a New York-based global asset management firm that provides U.S., non-U.S. and global equity strategies for institutional and sub-advisory clients. Its investment approach is based on fundamental research, seeking companies that can grow free cash flow and allocate it effectively for the benefit of shareholders. Epoch has a highly experienced team of investment professionals and has a risk management process that is integrated within the investment process. As of June 30, 2015, Epoch managed C$ 53.6 billion in assets for clients worldwide.
About TD Asset Management Inc.
TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is one of Canada's largest asset managers. TDAM manages CDN$251.5 billion in assets as at June 30, 2015. TDAM offers investment solutions to corporations, pension funds, endowments, foundations, high net worth individuals and retail investors. A cornerstone of the success of TDAM's investment strategies has been the firm's disciplined and risk-controlled approach to investment, along with its ability to innovate progressive solutions that help meet clients' changing needs and objectives.
SOURCE TD Bank Group
For further information: For media inquiries, please contact: Ana Aujla, TD Bank Group, 416-542-0211, [email protected]