Lipper Fund Awards recognize TD Mutual Funds for balanced and equity fund performance
4 minute read
TD Monthly Income Fund recognized with 10-year performance award
TORONTO, Feb. 4 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, was recognized last night at the Canadian Lipper Fund Awards. The TD Monthly Income Fund (Investor Series) was awarded for its excellent performance over the past 10 years, and the TD U.S. Mid-Cap Growth Fund (Investor Series) was recognized for both its five-year and 10-year performance.
"These awards are a terrific acknowledgement of the first-rate performance of our team of portfolio managers, one of the most talented and experienced groups in the industry, as well as our team's ability to provide investment solutions that deliver for our clients and advisors," said Thomas Dyck, President of TD Mutual Funds.
Led by TDAM's Doug Warwick, Geoff Wilson, Gregory Kocik and Michael Lough, the TD Monthly Income Fund seeks to provide a consistent level of monthly income with capital appreciation. "What's really impressive about our Monthly Income Fund is that since its inception, it has outperformed the S&P/TSX Composite Index with less than half the risk*," said Dyck. The Fund was also a category winner in the 2010 Morningstar Canadian Investment Awards for Best Canadian Balanced Fund.
This is the second consecutive win for five-year performance for the TD U.S. Mid-Cap Growth Fund (Investor Series), sub-advised by Brian Berghuis and John Wakeman of T. Rowe Price Associates, Inc. (T. Rowe). "This recognition reflects the long-standing partnership we have with T. Rowe, and it is a tribute to our strong equity line-up at TD Mutual Funds," added Dyck.
These awards come on the heels of a number of significant milestones for TDAM. Assets invested in TD Mutual Funds reached a new high of $60 billion at the end of 2010, and the TD Comfort Portfolios, which launched just over two years ago, surpassed $3 billion in assets in December.
Each of the following TD Mutual Funds was named as the top fund in its respective category over a 5 or 10 year time period by Lipper:
| TD Mutual Fund | Lipper Award |
| TD Monthly Income Investor Series, managed by Doug Warwick, Geoff Wilson, Gregory Kocik, Michael Lough, TDAM | 10-year award winner - Canadian Equity Balanced |
| TD U.S. Mid-Cap Growth Investor Series, managed by Brian Berghuis, John Wakeman, T. Rowe Price Associates, Inc. | 5 and 10-year award winner - U.S. Small/Mid-Cap Equity |
The Lipper Fund Awards program honours funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers, and recognizes fund families with high average scores for all funds within a particular asset class or overall. The Lipper Fund Awards take place in 21 countries in Asia, Europe, the Middle East and North Africa and the Americas. More information on the TD Mutual Funds recognized by Lipper and the entire TD Mutual Funds line-up can be found on the TDAM website http://www.tdam.com.
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com.
About TD Mutual Funds
Under the TD Mutual Funds name, TDAM provides a diverse range of over 70 mutual funds and 25 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 January 31, 2011, TDAM was the fourth largest mutual fund company in Canada, with over $60.5 billion invested in TD Mutual Funds.
*Since inception to December 31, 2010, the TD Monthly Income Fund's standard deviation was 8.02%, compared to 18.65% for the S&P/TSX Total Return Index. The inception date of the Investor series of the TD Monthly Income Fund is June 29, 1998. An investment with a high standard deviation indicates that there is a greater potential for volatility than those with low standard deviations.