TD Mutual Funds Stongest November Record for Net Sales of Long Terms Funds
- Tuesday, December 8, 2009, 8:36
- Carousel, Finance, Investing
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TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, reported on December 7th that long term fund net sales total $620 million for the month, and money market fund net redemptions of $379 million.
Assets invested in TD Mutual Funds have totalled $54.6 billion as of the end of November.
Thomas Dyck, President of TD Mutual Funds noted that this is the third straight month that TD has experienced record net sales for their long term funds.
TD Mutual Funds has also been recognized at the Canadian Investment Awards on December 2nd, 2009, taking the top prize in the Healthcare Equity category for the TD Health Sciences Fund, which is managed by TDAM and sub-advised by T Rowe Price Associates Inc.
TD Mutual Funds’ TD Canadian Bond Fund was also named a finalist in the Canadian Fixed Income category.
TD Mutual Funds’ highest selling long term funds for the month include the TD Mortgage Fund, TD Short Term Bond Fund, TD Income Advantage Portfolio, and TD Canadian Bond Fund.
Under the TD Mutual Funds name, TDAM provides a diverse range of over 60 mutual funds and 25 professionally managed portfolios. TDAM manages retail mutual fund assets on behalf of more than 1.4 million investors.
TD Mutual Funds is seen as one of the most broadly diversified fund families in Canada.
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