TORONTO, April 10, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the
manager of TD Mutual Funds, announced today that Epoch Investment
Partners, Inc. (Epoch) will assume portfolio adviser responsibilities
from the current portfolio advisers of the following funds (the Funds)
on the effective date set out below:
|
Fund
|
Effective Date of Change
|
TD Global Growth Fund
|
On or about April 29, 2013
|
TD U.S. Large-Cap Value Fund
|
On or about May 9, 2013
|
Epoch's appointment as portfolio adviser follows TD Bank Group's
recently completed acquisition of Epoch Holding Corporation on March
27, 2013.
"Epoch is well-known for their expertise as a U.S. and global equity
manager," said Sandra Cimoroni, President, TD Mutual Funds. "I'm
confident that investors will be well-served by their experience and
unique investment management approach."
There will be no change to the Funds' investment objectives, however the
Funds' investment strategies will change to include Epoch's philosophy
of investing in companies that have the ability to generate free cash
flow and effectively allocate capital, which Epoch believes represents
the best predictor of long-term shareholder return.
"We are very pleased to bring our distinct perspectives and fund
management expertise to these mandates," said Tim Taussig, President
and Chief Operating Officer, Epoch Investment Partners, Inc. "We look
forward to working alongside TD Asset Management and delivering the
client-focused investment management that is at the heart of our firm."
Epoch is a successful asset management firm based in New York City.
Founded in 2004, Epoch has 67 employees and their asset management team
has an average of over 20 years of investment management experience. It
has a collaborative and client-focused culture and will work with TDAM
to help clients achieve their investment goals. As of March 31, 2013,
Epoch managed approximately US$27.1 billion assets under management for
clients, predominately institutional, around the world.
About TD Asset Management Inc.
Through TD Mutual Funds, TD Asset Management Inc. (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 Direct Investing, TD Wealth Financial
Planning, TD Wealth Private Investment Advice as well as independent
investment dealers. As of February 28, 2013, TDAM was the fourth
largest mutual fund company in Canada, with CDN$73.1 billion invested
in TD Mutual Funds.
SOURCE: TD Asset Management Inc.
