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Press release from CNW Group

TD Asset Management Inc. announces changes to the asset allocation of the TD Managed Maximum Equity Growth Portfolio and the TD FundSmart Managed Maximum Equity Growth Portfolio

Tuesday, September 25, 2012

TD Asset Management Inc. announces changes to the asset allocation of the TD Managed Maximum Equity Growth Portfolio and the TD FundSmart Managed Maximum Equity Growth Portfolio11:05 EDT Tuesday, September 25, 2012TORONTO, Sept. 25, 2012 /CNW/ - TD Asset Management Inc. (TDAM), the manager of the TD Managed Maximum Equity Growth Portfolio and the TD FundSmart Managed Maximum Equity Growth Portfolio (the "Portfolios"), today announced changes to the neutral asset mix of the Portfolios. TDAM will file an amendment to the Portfolios' simplified prospectus reflecting the changes.The Portfolios' neutral asset mix has changed from generally 100 percent equity exposure to 90 percent equity exposure and 10 percent fixed income exposure. The asset allocation will generally be maintained within a range of 10 percent above or below the neutral weighting for each asset class. The change allows for greater flexibility in order to better respond to various market conditions. To reflect the change in the neutral weighting, TDAM has also added "credit risk" and "interest rate risk" to the Portfolios' fund-specific risks. These changes do not alter the Portfolios' risk ratings or investment objectives, as set out in the simplified prospectus.For more information on TDAM and our investment solutions, please visit www.tdassetmanagement.comAbout TD Asset Management Inc.Under the TD Mutual Funds name, TD Asset Management (TDAM) provides a diverse range of 70 mutual funds, 26 professionally managed portfolios and 20 corporate class funds. TDAM manages retail mutual fund assets on behalf of more than 1.7 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 August 31, 2012, TDAM was the fourth largest mutual fund company in Canada, with $66.7 billion invested in TD Mutual Funds.SOURCE: TD Asset Management Inc.For further information: For media inquiries, please contact: Amanda Tran TD Bank Group  416-983-7212 amanda.tran@td.com