TORONTO, March 6 /CNW/ - TD Asset Management Inc. (TDAM) announced total
fund net sales of $845 million in the month of February, including long-term
fund net sales of $363 million and money market fund net sales of
"We saw a significant spike in net sales as we approached the end of RSP
season, a great sign that Canadians are using the tax advantages provided by
an RSP," said Tim Pinnington, President, TD Mutual Funds.
TD Mutual Funds' top selling long-term funds for the month included the
TD Dividend Growth Fund, TD Canadian Equity Fund, TD Managed Aggressive Growth
Portfolio, TD Dividend Income Fund and TD Balanced Growth Fund.
"While the industry has been shifting away from the Canadian Equity
category, TD's long term funds, such as the best selling TD Canadian Equity
Fund, are showing strong results. This is a testament to the high standards we
hold our results to and the caliber of management on these funds," added
About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of over 70
mutual funds and 15 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 February 29, 2008, TDAM was
the fourth largest mutual fund company in Canada, with $55.7 billion invested
in TD Mutual Funds.
For further information:
For further information: Lisa Hodgins, TD Bank Financial Group, (416)