Toronto-based TD Asset Management Inc (TDAM) is proposing changes to several of its ETFs, the company announced Wednesday.
TD is changing the underlying indices of six ETFs, from indices provided by S&P Opco, LLC, a subsidiary of S&P Dow Jones Indices LLC, to indices provided by Solactive AG.
The affected ETFs are:
- TD Canadian Aggregate Bond Index ETF
- TD S&P/TSX Capped Composite Index ETF
- TD S&P 500 Index ETF
- TD S&P 500 CAD Hedged Index ETF
- TD International Equity Index ETF
- TD International Equity CAD Hedged Index ETF
The index changes “align with the current investment objectives and strategies of each TD ETF and will provide investors with substantially the same exposure to the asset classes, sectors and/or geographic regions to which each TD ETF is currently exposed. There will be no changes to the distribution policy or risk rating of each TD ETF,” TDAM says in a news release.
The names of three of the ETFs will be changed, and four will experience reduced management fees.
The changes will be effective on or about Nov. 20. More information on the proposed changes can be found in the company’s news release.