TD Asset Management Inc., today announced a change in portfolio advisor for the TD Global Select Fund.

Effective August 30, the fund’s advisor will be OFI Institutional Asset Management, Inc., a wholly-owned subsidiary of OppenheimerFunds, Inc. OFI will replace Perpetual Portfolio Management Ltd.

“We are constantly striving to make the best portfolio management available to our unit holders,” said Steve Geist, president TD Mutual Funds, in a news release.

“OppenheimerFunds, Inc is a leading manager in the U.S., and their solid investment process and philosophy is demonstrated by their proven investment performance.”

“We are pleased that our Global Equity team has been selected to sub-advise the TD Global Select Fund and look forward to a long and mutually beneficial relationship with TD Asset Management,” said John V. Murphy, CEO of OppenheimerFunds, Inc.