TORONTO, Sept. 9, 2014 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, announced today that the TD Retirement Conservative Portfolio and TD Retirement Balanced Portfolio will now be available in K-Series, the cash flow version of its Premium Series. TDAM has also added K-Series to the TD Tactical Monthly Income Fund.
For investors who meet the minimum investment requirements, K-Series provides access to potentially tax-efficient cash flows, with the added advantage of lower management fees relative to other series of these funds.
"As the population ages, more investors are looking for ways to fund their retirement. Expanding our broad solutions by adding K-Series to these funds helps give affluent investors, close to or in retirement, the cash flow they are seeking," says Paul Orlander, President, TD Mutual Funds. "Plus, with K-Series, they also benefit from preferred pricing on some of our most innovative products."
TDAM's K-Series require a minimum investment of $150,000 for the TD Retirement Portfolios and $100,000 for the TD Tactical Monthly Income Fund. Subsequent investment minimums are $100 for all funds.
For more information, please see the applicable TD Mutual Funds prospectus: tdassetmanagement.com.
About TD Asset Management Inc.
TDAM offers a diverse range of over 120 investment solutions including mutual funds, professionally managed portfolios and corporate class funds. TDAM manages retail mutual fund assets on behalf of more than 1.9 million investors and offers 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 and TD Wealth Private Investment Advice, as well as leading investment dealers, independent brokers, advisors and financial planners. As of June 30, 2014, TDAM was the fourth largest mutual fund company in Canada, with over CDN$90 billion invested in TD Mutual Funds (Source: IFIC).
SOURCE: TD Asset Management Inc.
For further information: Natasha Ferrari, TD Bank Group, 416 983 7180, [email protected]