TD Mutual Funds: Strongest October on Record
- Thursday, November 5, 2009, 9:00
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TD Asset Management Inc. (TDAM) has reported that long-term fund net sale totalling $624 million for the month of October, and the money market fund net redemption of $46 million.
Assets invested in TD Mutual Funds totalled $53.2 billion as of the end of October 2009.
This is the second straight month that TD has experienced record net sales for their long term funds. This is capping off a period of tremendous momentum for TD.
TD has finished the fiscal year, ending on October 31st in the number 1 position for net sales of long term funds in Canada.
TD continues to see strong sales in their fixed income line-up, and uptake of their managed portfolio solutions, including the TD Comfort Portfolios and TD Advantage Investment Portfolios, also their equity line-up, which includes the TD Dividend Growth Portfolio, notes Thomas Dyck, President of TD Mutual Funds.
TD Mutual Funds’ highest selling long term funds for the month of October 2009 include the TD Mortgage Fund, TD Short Term Bond Fund, TD Income Advantage Portfolio and TD Comfort Balance Portfolio.
TDAM provides a diverse range of over 60 mutual funds, and 25 professionally managed portfolios. As of October 31st, 20009, TDAM is the fourth largest mutual fund company in Canada, with $53.2 billion invested in TD Mutual Funds.
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