TD Asset Management Inc. has announced changes to the names and investment objectives of some of its funds.

The TD Private Small/Mid-Cap Equity Fund will be re-named TD Private U.S. Mid-Cap Equity Fund. Its new fundamental investment objective will be to seek to achieve long-term capital growth by investing primarily in, or obtaining exposure to, equity securities of medium-capitalization issuers in the U.S., and small-capitalization issuers in the U.S., secondarily.

These changes will allow the fund to shift from a 50/50 Canada/U.S. asset mix to focus rather on the larger and more diversified U.S. mid-cap market. As a result of the change in objective, TDAM will assume responsibility as portfolio manager.

TDAM also announced name changes to the following funds:

• TD Private Canadian Dividend Fund will become TD Private Canadian Diversified Yield Fund

• TD Private Canadian Equity Fund will become TD Private Canadian Blue Chip Equity Fund

• TD Private U.S. Equity Fund will become TD Private U.S. Blue Chip Equity Fund

• TD Private U.S. Large-Cap Currency Neutral Fund will become TD Private U.S. Blue Chip Equity Currency Neutral Fund

These changes will ensure consistency of fund names across the TD Waterhouse Private Investment Counsel investment platform, the company said.

IE