TD Asset Management Inc. Announces Portfolio Adviser Change
Toronto, July 21, 2009, - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, today announced a portfolio adviser change for one of its funds.
Effective on or about August 1, 2009, Newton Capital Management Limited (Newton) will become a portfolio adviser to the TD Global Select Fund, which had over C$540 million in assets under management as of June 30, 2009.
Newton, established in 1978 and headquartered in London, UK is a subsidiary of The Bank of New York Mellon. Newton, together with its affiliated companies, currently has over US$48 billion in assets under management.
Newton is a premier global investment manager, selected for its history of performance and experienced management team. It employs an active bottom-up approach, seeking out well-managed companies with quality products or services, strong management, sound strategy and which are attractively priced. Newton’s investment approach is founded upon the use of themes which represent the firm’s ideas about the likely forces of change in the world and the investment opportunities that may arise from them.
TDAM expects the appointment of Newton will enable a smooth transfer of responsibilities and continuity of investment management for the fund.
About TD Asset Management Inc.
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 June 30, 2009, TDAM was the fourth largest mutual fund company in Canada, with $50.2 billion invested in TD Mutual Funds.
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TD Bank Financial Group