TORONTO, April 15, 2014 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, announced today that it will be launching the TD U.S. Shareholder Yield Fund and adding an Advisor Series and F Series to the TD European Growth Fund. Epoch Investment Partners, Inc. (Epoch), an affiliate of TDAM, will be a portfolio adviser for these funds. In addition, TDAM will be expanding its Cash Flow Series line-up (H, T, and S series) to its four innovative low volatility funds and the TD North American Dividend Fund.
Introducing the TD U.S. Shareholder Yield Fund
The new TD U.S. Shareholder Yield Fund gives investors access to a diversified portfolio of U.S. income-producing securities. Companies in the portfolio are selected for their potential to generate free cash flow and focus on creating shareholder yield through dividends, share repurchases and debt reductions.
"We believe that Epoch's U.S. equity expertise coupled with investors' desire for regular dividends or cash flow will be a winning combination for investors," said Paul Orlander, President TD Mutual Funds.
Expanding the TDAM Cash Flow Series
TDAM's Cash Flow Series allows investors to draw a tax-efficient monthly cash flow from their investments.
By expanding this series, clients will now have access to the most extensive line-up of low volatility solutions offered in a Cash Flow Series in Canada:
- TD Canadian Low Volatility Fund (New Fund)
- TD U.S. Low Volatility Fund
- TD Global Low Volatility Fund
- TD Emerging Markets Low Volatility Fund
"Cash flow options on our low volatility strategies help meet investors' need for regular income while at the same time seek to minimize the effects of market volatility - two important considerations for investors" said Orlander.
The Series expansion also includes the TD North American Dividend Fund, managed by David Sykes, Managing Director, TDAM. The fund invests in a diversified portfolio of North American income-producing securities, including common share investments that are expected to grow their dividends over time.
"With our new Epoch offerings and the expansion of our Cash Flow Series, we are once again demonstrating our commitment to being Canada's foremost solutions provider by meeting the diverse needs of today's investors," said Orlander.
For more information, please see the applicable TD Mutual Funds prospectus.
About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of 74 mutual funds, 28 professionally managed portfolios and 20 corporate class funds. TDAM manages retail mutual fund assets on behalf of more than 1.8 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 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 December 31, 2013, TDAM was the fourth largest mutual fund company in Canada, with CDN$80.6 billion invested in TD Mutual Funds (Source: IFIC).
SOURCE: TD Asset Management Inc.
For further information:
TD Bank Group