Toronto-based TD Asset Management Inc. (TDAM) has two new global equity income funds, the firm said in a release on Friday.
TD Global Equity Income Balanced Pool and TD Global Equity Income Pool are all-in-one funds that aim to generate capital growth and income by investing primarily in other TD mutual funds and ETFs.
Underlying investments may include preferred shares, common shares, real estate investment trusts and other income-producing instruments, the release said.
The balanced fund has an equity-to-fixed-income target mix of 75% to 25% and a management fee of 1.80% (advisor series). TD Global Equity Income Pool has a management fee of 1.85%.
“Canadians are increasingly allocating assets in their portfolios to global equities,” said Robert Vanderhooft, chief investment officer with TDAM, in the release. “At the same time, many investors also have a strong need for income as part of a diversified portfolio.”
The new funds “provide actively managed global income equity solutions, overweight in exposure to dividend-paying equities, to help meet the needs of a wide range of investors,” he said.