Toronto-based TD Asset Management Inc. (TDAM) now offers a premium series for its TD Target Return Funds, the fund manager announced on Wednesday.
The premium series is available with a minimum investment of $100,000 per fund with subsequent investments of $100. Both of the TD Target Return Funds — TD Target Return Conservative Fund and the TD Target Return Balanced Fund – aim to provide investors with a target return, reduced volatility and protection again inflation. The management fees for the premium series conservative fund and balanced fund are up to 1.30% and 1.70%, respectively, excluding GST and HST.
TDAM offers investors 70 mutual funds, 26 professionally managed portfolios and 20 corporate class funds. As of March 2013, TDAM was the fourth largest mutual fund company in Canada with $73.9 billion invested in its funds.