(November 25 – 10:20 ET) –
TD Asset Management is
announcing what it claims to be
“the lowest-priced mutual fund
group available in Canada.” They
will be available via the Internet
only. TD eFunds will offer
rock-bottom MERs.
Mark Wettlaufer, president of
TDAM says that TD eFunds offer
technological advances, such as
24-hour-a-day access to live
personal advice from TD
representatives via online text
chat, WebPhone, e-mail or
telephone, and a unique call-back
mechanism for when unitholders
request a personal contact.
“It also means virtually 100%
electronic delivery of all
documents, including transaction
confirmations, account statements,
tools and tips,” Wettlaufer said.
Investors can also choose an
index-based “ePortfolio” available
through the Green Line Managed
Assets Program, managed and
re-balanced by TDAM portfolio
managers.
The Green Line Canadian Index
eFund comes with a MER capped at
0.29%, as does the Green Line U.S.
Index eFund and the Green Line Dow
Jones Industrial Average Index
eFund. The Green Line Canadian
Government Bond Index eFund will
have a MER capped at 45%; as will
the Green Line European Index
eFund, the Green Line Japanese
Index eFund, the Green Line NASDAQ
RSP Index eFund, the Green Line
U.S. RSP Index eFund, and the Green
Line International RSP Index
eFund.
This initiative from TDAM is one
of the first to pass on cost
savings from the Net to investors.
-IE Staff
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