TORONTO, May 25, 2017 /CNW/ - TD Asset Management Inc.
(TDAM), the manager of TD Mutual Funds, today announced its plans
to terminate operations of the TD Asian Growth Class due to a low
number of unitholders.
Effective today, the terminating fund is closed to additional
purchases, including Pre-Authorized Contribution Plans, and will be
terminated on or about August 10,
2017.
Unitholders may redeem or switch their holdings in the
terminating fund for settlement on, or prior to, the termination
date. As at August 10, 2017, TDAM
will liquidate the holdings of the terminating fund at fair market
value, determine distributions and distribute the net assets to
unitholders.
TD Asset Management Inc.
TD Asset Management (TDAM), a
member of TD Bank Group, is a North American investment management
firm. Operating through TD Asset Management Inc. in Canada and TDAM USA Inc. in the U.S., TDAM brings new thinking
to investors' most important challenges. TDAM offers investment
solutions to corporations, pension funds, endowments, foundations
and individual investors. Additionally, TDAM manages assets on
behalf of almost 2 million retail investors and offers a broadly
diversified suite of investment solutions including mutual funds,
professionally managed portfolios and corporate class funds.
Collectively, TDAM manages C$345
billion in assets as at March 31,
2017.
SOURCE TD Asset Management Inc.