TORONTO, March 29, 2019 /CNW/ - TD Asset Management
Inc. (TDAM), the manager of TD Mutual Funds, announced today that
TD Greystone Asset Management (TD Greystone) will assume portfolio
adviser responsibilities of the TD International Stock Fund (the
Fund) from TDAM and Epoch Investment Partners, Inc. effective
April 15, 2019.
There will be no change to the investment objectives of the
Fund, however the investment strategies will change to include
investing in companies believed to be able to sustain strong
earnings growth. Emphasis will also be placed on earnings quality
and financial strength. Modeling analytics of stock, sector and
country contribution will be utilized to help optimize the Fund's
overall risk exposure relative to its benchmark.
Additionally, effective March 29,
2019 the risk rating for the Fund will change to Medium from
Medium to High. This change will be reflected in an amendment to
the TD Mutual Funds' Simplified Prospectus and the amended Fund
Facts, that will be filed with the Canadian securities regulators
on or about March 29, 2019.
The risk rating change is based on the methodology mandated by
the Canadian Securities Administrators (the CSA). The change
is not a result of any modifications made to the investment
objectives, strategies or management of the Fund. A summary of the
CSA's risk classification methodology, the investment objectives
and the investment strategies can be found in the applicable TD
Mutual Funds Simplified Prospectus available at
www.tdassetmanagement.com.
"The Fund should benefit from TD Greystone's growth biased
equity investing style", said Bruce
Cooper, CEO and CIO, TDAM. "The Fund will leverage TD
Greystone's investment process which seeks to identify companies
with sustainable growth drivers that may translate into higher
future earnings, and higher stock prices."
About TD Greystone Asset Management
TD Greystone
Asset Management represents Greystone Managed Investments Inc., a
wholly-owned subsidiary of Greystone Capital Management Inc. TD
Greystone Asset Management ("TD Greystone") is an institutional
money manager based in Regina with
additional offices in Toronto,
Winnipeg and Hong Kong. Since 1988, TD Greystone has been
offering a full range of multi-asset class solutions with in-house
teams covering fixed income, Canadian equities, U.S. equities,
international equities, real estate, mortgages and infrastructure.
In November 2018, The
Toronto-Dominion Bank (TD) completed the acquisition of Greystone
Capital Management Inc. ("GCMI"), parent company of Greystone
Managed Investments Inc. This transaction provides the asset
management businesses of TD one of the broadest offerings of
investment solutions in Canada,
and will provide clients access to alternative investments and the
ability to further integrate private and public asset classes into
their portfolios. To learn more about TD Greystone, please visit
www.greystone.ca.
About TD Asset Management Inc.
TD Asset Management (TDAM), a member of TD Bank Group, is a
North American investment management firm. Operating through TD
Asset Management Inc. in Canada
and TDAM USA Inc. in the U.S.,
TDAM brings new thinking to investors' most important challenges.
TDAM offers investment solutions to corporations, pension funds,
endowments, foundations and individual investors. Additionally,
TDAM manages assets on behalf of almost 2 million retail investors
and offers a broadly diversified suite of investment solutions
including mutual funds, professionally managed portfolios and
corporate class funds. Asset management businesses at TD manage
$366.9 billion in assets as at
December 31, 2018. Assets under
management include TD Asset Management Inc., TDAM USA Inc., Epoch Investment Partners Inc.
(Epoch) and TD Greystone Asset Management.
SOURCE TD Asset Management Inc.