Newton Wins Canadian TD Asset Management Global Equity Mandate
August 03 2009 - 8:00AM
PR Newswire (US)
Accelerates growth of BNY Mellon Asset Management boutique in
Canada LONDON, NEW YORK and TORONTO, Aug. 3 /PRNewswire-FirstCall/
-- Newton* has announced that Newton Capital Management Limited,
its business offering services in Canada and the U.S., has been
awarded a new global equity mandate for TD Asset Management Inc.
(TDAM), the manager of TD Mutual Funds. Under the TD Mutual Funds
name, TDAM provides a diverse range of over 60 mutual funds and 20
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. Newton Capital Management will become portfolio adviser to
the TD Global Select Fund. The mandate is the largest subadvisory
assignment for Newton in Canada. Newton has been managing global
mandates for 30 years and applies a single portfolio approach to
running global equity portfolios. The mandate will be managed by
members of the global equity team at Newton. Over 75% of Newton's
mandates are globally invested with over $20 billion in global
equity mandates. Commenting on the appointment, Helena Morrissey,
Chief Executive Officer of Newton said: "The appointment by TD
Asset Management validates the appeal of Newton's global thematic
approach to investing and underscores our success in accessing the
Canadian marketplace. It expands our Canadian client base to
include one of the most broadly diversified fund families in
Canada. "Our 30 year track record of global investing and critical
mass in terms of our existing client base is a strong attraction
for Canadian investors. Our business in North America has grown
from around $500 million in 2006 to over $2.5 billion today, and we
are delighted to be continuing to build this solid footprint."
Newton's appointment by Canadian TD Asset Management follows its
recent win of a new global equity mandate for Colorado Public
Employees' Retirement Association (PERA), the public pension fund
for more than 400 government agencies and public entities in the
State of Colorado. The mandate was the first state pension fund
appointment for Newton since it launched its U.S. business in 2006.
Notes to Editors: Newton* is a global asset management subsidiary
of The Bank of New York Mellon Corporation and part of BNY Mellon
Asset Management. With assets under management of more than US$56
billion, including assets managed by Newton Investment Management
as dual officers of Newton Capital Management Limited and The Bank
of New York Mellon, the company provides a broad range of
award-winning investment products and services to individuals,
pension funds, charities and corporations. News and other
information about Newton is available at http://www.newton.co.uk/.
BNY Mellon Asset Management is the umbrella organization for The
Bank of New York Mellon Corporation's affiliated investment
management firms and global distribution companies. The Bank of New
York Mellon Corporation is a global financial services company
focused on helping clients manage and service their financial
assets, operating in 34 countries and serving more than 100
markets. The company is a leading provider of financial services
for institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services
through a worldwide client-focused team. It has $20.7 trillion in
assets under custody and administration, $926 billion in assets
under management, services $11.8 trillion in outstanding debt and
processes global payments averaging $1.8 trillion per day.
Additional information is available at http://www.bnymellon.com/.
TD Mutual Funds are not registered with the United States
Securities and Exchange Commission and are not offered for sale or
sold in the United States. *'Newton' refers to the following group
of affiliated companies: Newton Investment Management Limited,
Newton Capital Management Limited, Newton International Investment
Management Limited, Newton Capital Management LLC and Newton Fund
Managers (CI) Limited. Assets under management include assets
managed by all of these companies except Newton Capital Management
LLC, which provides marketing services in the U.S. for Newton
Capital Management Limited. Except for Newton Capital Management
LLC and Newton Capital Management Limited, none of the other Newton
companies offer services in the US and Canada. Newton Capital
Management Limited is an investment management firm authorized and
regulated in the United Kingdom by the Financial Services Authority
in the conduct of investment business and is a wholly owned
subsidiary of The Bank of New York Mellon Corporation. Registered
in England no: 2675952. Newton Capital Management Limited is
registered in the United States as an investment adviser under the
Investment Advisers Act of 1940. All information source BNY Mellon
Asset Management as at 30/06/09. This press release is qualified
for issuance in the UK, US and Canada and is for information
purposes only. It does not constitute an offer or solicitation of
securities or investment services or an endorsement thereof in any
jurisdiction or in any circumstance in which such offer or
solicitation is unlawful or not authorised. This press release is
issued by BNY Mellon Asset Management (US & Canada) and BNY
Mellon Asset Management International Limited (ex-US/Canada) to
members of the financial press and media and the information
contained herein should not be construed as investment advice. Past
performance is not a guide to future performance. Registered office
of BNY Mellon Asset Management International: The Bank of New York
Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA.
Registered in England no. 1118580. Authorised and regulated by the
Financial Services Authority. A Bank of New York Mellon Company(SM)
DATASOURCE: The Bank of New York Mellon Corporation; Newton
CONTACT: Patrice Kozlowski, +1-212-922-6030, , or Vee Montebello,
+44-20-7163-6246, Web Site: http://www.bnymellon.com/
http://www.newton.co.uk/
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