Toronto-based TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, on Tuesday announced the addition of a U.S. equity fund, as well as a North American small-cap equity fund, to its product lineup.
The launch of the new funds offers investors more portfolio diversification options and strengthens TDAM’s suite of product offerings, the company says in its announcement.
Managed by TDAM portfolio manager David Sykes, TD U.S. Dividend Growth Fund is modelled after Sykes’ mandate of investing in successful, dividend-paying companies. The fund offers investors exposure to top-tier U.S. companies.
“The new TD U.S. Dividend Growth Fund seeks to deliver income and capital growth and is made up of some of the most profitable and distinguished U.S. companies,” explains Sykes, managing director, TDAM, in a statement. “Stocks for this fund will be meticulously selected, with a focus on companies that have a sustainable competitive advantage and grow free cash flow. Additionally, the fund’s reinvested dividends can act as a portfolio buffer in volatile market conditions. All these qualities can help manage volatility while aiming to maximize performance.”
TD North American Small-Cap Equity Fund, managed by Jean Masson, offers investors access to small and medium-sized North American companies expected to deliver enhanced, long-term returns. Applying a quantitative strategy, developed by Masson and his team, the fund invests in small-cap companies from Canada and the U.S. that have a track record of steady growth, sustainable leverage and are expected to outperform the market.
“The TD North American Small-Cap Equity Fund focuses specifically on small-cap stocks from Canada and the U.S. with a proven track record of steady growth, along with companies that have made efficient use of their capital,” says Masson, managing director, TDAM, in a statement. “With a risk-adjusted focus, the fund can provide broad portfolio diversification for investors, while seeking to maximize returns.”
In addition to the new funds, TDAM also announced TD U.S. Money Market Fund will offer private series and F-series units.