Skip to main content
TD Stories
EN
TD BANK GROUP

TD Mutual Funds reports April Net Sales

1 minute read
By TD Bank Group
• May 6, 2008
TORONTO, May 6 /CNW/ - TD Asset Management Inc. (TDAM) announced long-term fund net sales of $20 million and money market fund net redemptions of $91 million for total net fund redemptions of $71 million in the month of April. Total net assets invested in TD Mutual Funds totaled $57.4 billion as at the end of April. "April has seen a strong recovery in the financial markets and, as a result, our assets under management have surpassed previous highs," said Tim Pinnington, President TD Mutual Funds. "This demonstrates the wisdom of maintaining a disciplined investment strategy and sticking to it through volatile markets." "Despite the upturn in the market, investors remain cautious and are continuing to stick to the sidelines in the short-term," added Pinnington. TD Mutual Funds' top selling long-term funds for the month included the TD Dividend Income Fund, TD Canadian Bond Fund, TD Dividend Growth Fund, TD High Yield Income Fund, and TD North American Dividend Fund. About TD Asset Management Inc. ------------------------------ Under the TD Mutual Funds name, TDAM provides a diverse range of over 64 mutual funds and 15 professionally managed portfolios. TDAM manages retail mutual fund assets on behalf of more than 1.4 million investors and TD Mutual Funds is one of the most broadly diversified fund families in Canada. Funds are available at TD Canada Trust branches (through TD Investment Services Inc. representatives), TD Waterhouse Discount Brokerage, Financial Planning and Private Investment Advice, as well as leading investment dealers, independent brokers, advisors and financial planners. As of April 30, 2008, TDAM was the fourth largest mutual fund company in Canada, with $57.4 billion invested in TD Mutual Funds. For further information: Maria Leung, TD Bank Financial Group, (416) 983-4093, maria.leung@td.com

See you in a bit

You are now leaving our website and entering a third-party website over which we have no control.

Continue to site Return to TD Stories

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Third-party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.