TORONTO, July 17, 2014 /CNW/ - TD Asset Management Inc. (TDAM), the
manager of TD Mutual Funds, announced today that effective on or about
July 24, 2014, six TD Mutual Funds for which Epoch Investment Partners,
Inc. (Epoch) is a portfolio adviser, will be changing their names:
|
Current Fund Name
|
New Fund Name
|
|
TD Global Dividend Fund
|
Epoch Global Shareholder Yield Fund
|
|
TD Global Growth Fund
|
Epoch Global Equity Fund
|
|
TD European Growth Fund
|
Epoch European Equity Fund
|
|
TD U.S. Large-Cap Value Fund
|
Epoch U.S. Large-Cap Value Fund
|
|
TD U.S. Shareholder Yield Fund
|
Epoch U.S. Shareholder Yield Fund
|
|
TD International Equity Fund
|
Epoch International Equity Fund
|
The following two classes, which have exposure to an Epoch investment
strategy, will also be changing their names:
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Current Class Name
|
New Class Name
|
|
TD Global Growth Class
|
Epoch Global Equity Class
|
|
TD U.S. Large-Cap Value Class
|
Epoch U.S. Large-Cap Value Class
|
Epoch, an affiliate of TDAM, has expertise in managing U.S. and Global
equities. This change will make it even easier for Advisors to identify
mandates managed by Epoch and, in turn, access Epoch's distinct
investment approach.
There will be no change to these mandates' investment objectives.
Risk Rating Change to TD U.S. Equity Currency Neutral Portfolio
TDAM also announced that it will be changing the risk rating of the TD
U.S. Equity Currency Neutral Portfolio (the "Fund") from "medium" to
"medium to high", following its annual risk rating review. The risk
rating change is consistent with TDAM's risk classification methodology
which is informed by the guidelines set out by the Investment Funds
Institute of Canada. A summary of TDAM's risk classification
methodology can be found in the Fund's simplified prospectus available
at tdassetmanagement.com.
No changes have been made to the investment objectives, strategies or
management of the Fund, as set out in the updated simplified
prospectus. Unitholders of the Fund will be contacted directly with
details of the change to the Fund's risk rating.
About TD Asset Management Inc.
TDAM offers a diverse range of over 120 investment solutions including
mutual funds, professionally managed portfolios and corporate class
funds. TDAM manages retail mutual fund assets on behalf of more than
1.9 million investors and offers 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 June 30, 2014, TDAM was
the fourth largest mutual fund company in Canada, with CDN$90 billion
invested in TD Mutual Funds (Source: IFIC).
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SOURCE TD Asset Management Inc.
