TD Dividend Growth Fund recognized for long-term performance
TORONTO, Feb. 19 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, is pleased to announce that several TD Mutual Funds were honoured with multiple awards at the 2010 Canadian Lipper Fund Awards last night in Toronto for demonstrating consistently strong risk-adjusted returns compared with their peers. Overall, TD Mutual Funds received nine awards for its funds, including the highly regarded TD Dividend Growth Fund for its performance over the past five and ten years.
"We are very proud to be recognized by Lipper for the strength of our mutual fund offering, including one of our flagship Canadian equity mandates, the TD Dividend Growth Fund," said Thomas Dyck, President TD Mutual Funds. "Lipper Awards are a testament to the value of strong portfolio management, and at TD Mutual Funds, we are pleased to provide our advisors and clients with high-quality investment solutions managed by one of the most experienced team of fund managers in the industry."
Led by Doug Warwick, Managing Director of TDAM, the investment objective of the TD Dividend Growth Fund is to provide a high level of after-tax income and steady growth by investing primarily in high-quality, high-yield equity securities and other income-producing instruments of Canadian issuers. Other TD Mutual Funds recognized for their performance by Lipper ranged across a number of core categories, including Canadian Fixed Income, High Yield Fixed Income, Canadian Balanced and U.S. Equity.
"To be recognized for our strength across a number of core fund categories speaks to the breadth and depth of the entire TD Mutual Funds line-up, and our ability to provide investors and advisors with investment solutions to meet all of their needs," continued Dyck.
These awards cap off a period of tremendous momentum for TD Mutual Funds, including finishing fiscal 2009 as the number one provider of long-term funds in the industry as measured by net sales of long-term funds, and reaching $1 billion in net sales of its convenient all-in-one investment solution, the TD Comfort Portfolios, in its first year.
Each of the following TD Mutual Funds was named as the top fund in their respective category over a 1, 3, 5 or 10 year time period by Lipper:
TD Mutual Fund Lipper Award
TD Dividend Growth Fund, managed by 5 and 10-year award winner -
Doug Warwick and Michael Lough, Canadian Dividend & Equity
TD US Mid-Cap Growth Fund, sub- 3 and 5-year award winner -
advised by Brian W.H. Berghuis and US Small/Mid Cap Equity
John F. Wakeman, T. Rowe Price
TD Corporate Bond Capital Yield 1- year award winner -
Fund, managed by Geoff Wilson and Canadian Fixed Income
Nicholas Leach, TDAM
TD Income Advantage Portfolio, 5-year award winner -
managed by Geoff Wilson and Canadian Fixed Income Balance
Michael Craig, TDAM
TD High Yield Income Fund, 1-year award winner -
managed by Gregory Kocik and High Yield Fixed Income
Nicholas Leach, TDAM
TD Science & Technology Fund, 1-year award winner -
sub-advised by David J. Eiswert, Science & Technology Equity
T. Rowe Price Associates Inc.
TD NASDAQ Index Fund, managed 1-year award winner - US Equity
by Vishal Bhatia and Tammi Keith,
The Lipper Fund Awards are part of a global program of events held in 21 countries to reward funds that deliver consistently strong risk-adjusted performance. The winners are selected using the Lipper Leader rating for consistent return. More information on the TD Mutual Funds recognized by Lipper and the entire TD Mutual Funds line-up can be found on the TD Asset Management website.
About TD Asset Management Inc. (TDAM)
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 January 31, 2010, TDAM was the fourth largest mutual fund company in Canada, with $54.4 billion invested in TD Mutual Funds.
SOURCE TD Asset Management Inc.
For further information: For further information: Maria Saros Leung, TD Bank Financial Group, (416) 983-4093, email@example.com