Toronto-based TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, announced on Tuesday the launch of five new series on two existing fixed-income funds: TD Canadian Corporate Bond Fund and TD U.S. Corporate Bond Fund.
The two funds will now be offered in an investor series, an advisor series, an F-series, a premium series and a premium F-series.
TD Canadian Corporate Bond Fund and TD U.S. Corporate Bond Fund seek to generate regular income by investing in investment-grade bonds of Canadian or U.S. corporations and trusts, respectively, including mortgage-backed or asset-backed securities, as well as securities issued by Canadian or U.S. governments, respectively.
“TDAM is committed to helping our investors meet their most important challenges. Corporate bonds can provide enhanced yields compared to government bonds, which is something our investors have been seeking,” says Tim Wigan, the firm’s CEO, in a statement. “Yield maximization and generating income have become a priority for many investors, particularly for those looking to reduce their equity exposure.”