TD Asset Management announces management fees for two TD Waterhouse Private Investment Counsel funds
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TORONTO, June 17 /CNW/ - TD Asset Management Inc. (TDAM) today announced management fees for the TD Private International Stock Fund and the TD Private U.S. Mid-Cap Equity Fund, effective September 1, 2010.
The TD Private International Stock Fund, launched May 3, 2010, has a fundamental investment objective to seek to achieve long-term capital growth by investing primarily in equity securities of issuers outside of Canada and the United States. Effective September 1, the Fund will introduce a management fee of up to 0.35% per year for investment services provided by Aberdeen Asset Management Inc.
The TD Private U.S. Mid-Cap Equity Fund has a fundamental investment objective to seek to achieve long-term capital growth by investing primarily in, or obtaining exposure to, equity securities of medium-capitalization issuers in the United States. The Fund may also invest in, or obtain exposure to, equity securities of small-capitalization issuers in the United States. Effective September 1, the Fund will introduce a management fee of up to 0.30% per year for investment services provided by T. Rowe Price to an underlying fund in which the Fund invests.
About TD Asset Management Inc.
TDAM is one of Canada's largest investment management firms, with leading market positions in active, enhanced and indexed portfolio management. It is a fully integrated investment management business that offers its clients a wide range of investment options, including mutual funds, pooled investment funds and segregated investment accounts. As of May 31, 2010, TDAM and its affiliates had over C$172.3 billion in assets under management for pension, insurance, endowment/foundation and corporate clients, as well as for high-net worth clients and retail mutual funds.
About TD Waterhouse Private Investment Counsel Inc.
TD Waterhouse Private Investment Counsel Inc. is Canada's largest private client money management firm. Its extensive network of professional portfolio managers provide discretionary investment management services to high net worth individuals and their families, small and mid-size corporations, charitable organizations and foundations, and executors and trustees from coast to coast.