Toronto-based TD Asset Management Inc. (TDAM) on Tuesday announced the launch of two new global fixed income mutual funds, TD Global Income Fund and TD Global Unconstrained Bond Fund (
In addition, TDAM is expanding the series options for the existing TD Global Core Plus Bond Fund.
“With the addition of the funds, we are excited to offer a full suite of fixed income products that provide our clients more solutions for the fixed income portion of their portfolio,” says Scott Colbourne, managing director, global active fixed income, TDAM, in a statement.. “These new funds offer our clients the benefit of portfolio diversification by providing geographic, sector and currency exposure from markets across the globe.”
TD Global Income Fund aims to generate income while preserving capital by investing primarily in corporate fixed income securities from around the world with modest foreign currency exposure. It employs fundamental economic analysis of regions, currencies and interest rates.
TD Global Unconstrained Bond Fund has the objective of seeking to maximize total return for investors while preserving capital by investing in fixed income issuers from around the world. As a part of the fund’s unconstrained strategy, the portfolio manager has the flexibility to invest in a broad range of issuers in many countries, industries and sectors around the globe, with the aim of achieving attractive returns in variety of market conditions.
Both of the new funds will be offered in a wide range of load, no-load and fee-based series options, including H-Series, T-Series and S-Series which provide clients with stable income through targeted distributions, including return of capital.
Additionally, TDAM will also launch H-Series, T-Series and S-Series of TD Global Core Plus Bond Fund.