TD Asset Management is re-entering the exchange-traded fund industry with plans to launch four new offerings for Canadian investors.
Leo Salom, executive vice-president of TD Wealth Management, announced last year the company would be launching a family of ETFs in early 2016, and, at the end of December, TD Asset Management filed a prospectus for four mandates or six new ETFs, according to a National Bank Financial ETF industry note.
The four funds are:
• TD Canadian Aggregate Bond Index ETF (TDB) will passively track the S&P Canada Aggregate Bond Index and will hold Canadian fixed income securities.
• TD International Equity Index ETFs (TPE and CAD-hedged THE) will passively track the S&P EPAC Ex-Korea Large MidCap Index and hold international equities. Both currency hedged and non-hedged funds will be available.
• TD S&P 500 Index ETFs (TPU and CAD-hedged THU) will passively track the S&P 500 index and invests in U.S. large-cap stocks. Both currency hedged and non-hedged funds will be available.
• TD S&P/TSX Capped Composite Index ETF (TTP) will passively track the S&P/TSX Capped Composite index and invests in Canadian stocks.
Management fees for the funds will range from 0.07 per cent to 0.18 per cent.
TD Asset Management previously had four Canadian equity ETFs between 2001 and 2006 before shutting down the funds due to low trading volumes.