TD Asset Management Inc. Wednesday announced plans to terminate operations of TD Private Canadian Growth Fund and TD Private U.S. Growth Currency Neutral Fund.

Effective immediately, the funds will cease offering units for purchase and will be terminated on March 26.

TD says the funds are being terminated as the company is streamlining its TD Private Funds offering.

Unitholders may redeem or switch their holdings in the funds for settlement on or prior to the termination date. TD will then liquidate the holdings of the funds at fair market value, determine distributions, and distribute the net assets to remaining unitholders.