(February 2 – 09:45 ET) – TD Asset Management Inc. and Transamerica Life Insurance Co. of Canada are teaming up to offer a new line of segregated funds. It will be known, to be known as TD Guaranteed Investment Funds II (TD GIF II).
The new TD GIF II offers a choice of 11 individual funds and four managed portfolios which invest all of their assets in underlying Green Line mutual funds. The 11 funds used include funds such as the Green Line Science & Technology Fund and the Green Line Canadian Bond Fund. The fully-managed portfolios are cost-effective segregated “wrap” products featuring optimized portfolio construction and automatic re-balancing to maintain target asset mix.
The funds will be sold through licensed insurance agents of Transamerica Canada. For TD this includes its full-service TD Evergreen brokers, but also rival advisors. The funds will be introduced across the country this week, except for Quebec which will be launched in two weeks.
“We’re delighted to be able to offer the TD GIF II line of funds through Transamerica’s Canadian sales organization comprised of more than 13,000 professionals,” says George Foegele, president, Transamerica Canada. “We expect a strong public response to this exceptional new series of segregated funds.”
-IE Staff