Oct. 22, 2013
/CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, today announced a portfolio adviser change for the TD International Growth Fund (the "Fund").
Effective on or about
November 12, 2013
, TDAM will become the portfolio adviser of the Fund, replacing Echo Point Investment Management. The Fund will be managed by
, Vice President and Director, TDAM. Charles brings extensive industry experience to the management of this Fund, with over 25 years in equity investing. He currently leads the active international equity team and is the lead manager of the TD Strategic Yield Fund.
The investment objective of the Fund will not change, however the approach to managing the Fund will change to reflect the proprietary research the fund manager will use to identify investment opportunities in high-quality companies.
"By bringing the investment management of the Fund in-house, investors have the opportunity to benefit from the considerable experience and expertise that
has in equity markets," said
, President, TD Mutual Funds.
"We would like to thank
for the years in which they managed this Fund and wish them ongoing success," added Orlander.
For more information, please see the applicable TD Mutual Funds prospectus
About TD Asset Management Inc.
Under the TD Mutual Funds name, TDAM provides a diverse range of 74 mutual funds, 28 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
. 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
September 30, 2013
, TDAM was the fourth largest mutual fund company in
invested in TD Mutual Funds.
SOURCE TD Asset Management Inc.