TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds and TD Managed Assets Program announces the launch of 10 new TD Mutual Fund products that provide more options for Canadians looking to increase their exposure to global markets.

The launch consists of three global funds, an international fund, a corporate bond capital yield fund and five U.S. currency neutral funds that are linked to five of our existing U.S. equity funds. Six existing funds will offer new series. TDAM will also be introducing an additional low load purchase option for all Advisor and T-Series units of the funds.

TDAM’s introduction of the new funds and series extensions recognizes the need for depth of choice across all asset classes and global markets for advisors and their clients.

“Canadian stocks and mutual funds have enjoyed strong growth over the past three years,” said Timothy Pinnington, president, TD Mutual Funds, in a news release. “With the introduction of these new products which provide access to global and international opportunities, now is a good time to think about additional investment options for diversification.”

The new global funds provide further opportunities to invest in companies around the world. The TD Corporate Bond Capital Yield Fund provides exposure to North American and/or international corporate bonds and it comes with a creative structure which is designed to provide regular tax efficient distributions. The new U.S. currency neutral funds are designed for investors seeking to minimize their foreign currency exposure while participating in the U.S. equity markets.

The series extensions allow for certain strong performing funds to also be offered in Advisor and F-Series. Additionally, the TD Dividend Income Fund will now be offered in the H, T and S-Series, which are designed for a higher distribution payout than other series of the Fund. The series extension of the TD Dividend Income Fund and the introduction of the TD Corporate Bond Capital Yield Fund also add to the tax efficient product choices in the TD Mutual Fund lineup.

The new funds are:

  • TD Corporate Bond Capital Yield Fund;
  • TD Global Multi-Cap Fund;
  • TD Global Value Fund;
  • TD Global Dividend Fund;
  • TD International Equity Growth Fund;
  • TD U.S. Blue Chip Equity Currency Neutral Fund;
  • TD U.S. Large-Cap Value Currency Neutral Fund;
  • TD U.S. Mid-Cap Growth Currency Neutral Fund;
  • TD U.S. Small-Cap Equity Currency Neutral Fund; and
  • TD U.S. Equity Advantage Currency Neutral Portfolio.

The existing funds offering new series are as follows:

  • TD Asian Growth Fund;
  • TD Japanese Growth Fund;
  • TD Latin American Growth Fund;
  • TD Energy Fund;
  • TD Precious Metals Fund; and
  • TD Dividend Income Fund.

TDAM has agreed to voluntarily cap the MER of the new funds and the new series extensions of existing funds for the period ending Dec. 31, 2006.

To provide a greater amount of flexibility and choice to investors, a new purchase option is now available for the Advisor and T-Series of all new and existing funds. The new low-load-2 option (LSC2) will have an up front commission of 3% and a 4 year redemption schedule starting at 3.5% of cost in year one; 3.0% in year two; 2% in year three; and 1% in year four.