TD Asset Management Inc. is launching the first Canadian style-based exchange-traded funds, the TD Select Canadian Value Index Fund and the TD Select Canadian Growth Index Fund, based on the Dow Jones Canada TopCap Value and Growth Indexes respectively.

In the U.S., Dow Jones has established Value and Growth Indexes and the same methodology is now being used in Canada with the launch of the Dow Jones Canada TopCap Indexes on November 1. TD’s new ETFs take advantage of the Dow Jones methodology by tracking these two style-based indexes. The first of their kind in Canada, these ETFs offer investors access to an alternate means of diversification for their portfolios through the use of style-based investments.

“By introducing these style-based ETFs, we are combining the expertise of TDAM as the largest manager of indexed assets in Canada with the widely-recognized Dow Jones brand,” said Steve Geist, president, TD Mutual Funds. “Investors seeking added diversification of their investment portfolios should benefit from exposure to companies that exhibit strong value or growth characteristics.”

Both the TD Select Canadian Value Index Fund and the TD Select Canadian Growth Index Fund will begin trading on the Toronto Stock Exchange on December 7, 2001, and along with TD’s other ETFs, they can be held in any brokerage account.