(February 22 – 13:50 ET) – TD Asset Management Inc. is launching two new exchange traded funds. TD is the first of the bank-owned fund companies to offer ETFs.

“TDAM was the first fund company to launch a retail Canadian Index Fund in 1985, we continue this tradition of innovation with the launch of exchange-traded funds. ETFs meet the demands of Canadian investors who are seeking an exceptional low-cost, tax-efficient and diversified investment option in today’s evolving investment environment,” said Steve Geist, vice president and managing director, TD Asset Management Inc.

The TD TSE 300 Index Fund (TTF) and the TD TSE 300 Capped Index Fund (TCF) will begin trading on the Toronto Stock Exchange on February 23. The funds can be held in any brokerage account by investors seeking the diversification benefits of such broad-based index investments.

The TD TSE 300 Index Fund seeks to provide long-term growth of capital by replicating the performance of the TSE 300 Composite Index (before management fees and expenses).

The TD TSE 300 Capped Index Fund seeks to obtain a total return (before management fees and expenses) that is similar to the TSE 300 Capped Index total return. The TSE 300 Capped Index limits the relative weight of any one constituent company over time to no more than 10% of the total market capitalization of the index, smoothing the fund’s overall volatility.
-IE Staff