Press release from CNW Group
TD Asset Management introduces Premium Series Offering to TD Target Return Funds
Wednesday, May 01, 2013
TD Asset Management introduces Premium Series Offering to TD Target Return Funds10:00 EDT Wednesday, May 01, 2013
TORONTO, May 1, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, today announced the launch of a new Premium Series for its TD Target Return Funds.
In expanding its Series' offerings, TDAM's new Target Return Premium Series gives investors another reason to take advantage of the Funds' unique approach to investing. Unlike other mutual funds, TD Target Return Funds seek to achieve a defined target rate of return. The Portfolio Manager carefully manages and monitors risk, and has the flexibility to choose among different asset classes and regions in seeking to achieve the desired return.
"We know that many investors seek investment options that will provide the potential for stable returns," stated Sandra Cimoroni, President, TD Mutual Funds. "TD's new Premium Series for our popular Target Return Funds makes them an even more attractive solution to help investors achieve that objective."
Both TD Target Return Funds - the TD Target Return Conservative Fund and the TD Target Return Balanced Fund - aim to provide three key benefits:
- A defined target return
- Reduced volatility
- Protection against inflation
In addition to the current fund options, the Target Return Premium Series' is available with a minimum investment of $100,000 per fund with subsequent investments of $100. Both Funds are suitable for investors who are focused on maintaining their capital with some growth potential as well as those focused on wealth accumulation with potentially reduced risk. They are a great alternative to fixed income or balanced investments or for investors who are hesitant about re-entering the markets given the volatility of recent years.
For more information, please see the applicable TD Mutual Funds prospectus: http://www.tdam.com/Download/Target_Final.pdf.
About TD Asset Management Inc.
Under the TD Mutual Funds name, 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 1.8 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 March 31, 2013, TDAM was the fourth largest mutual fund company in Canada, with CDN$73.9 billion invested in TD Mutual Funds.
SOURCE: TD Asset Management Inc.
For further information:
For media inquiries, please contact:
TD Bank Group