Two Toronto-based asset-management firms are expanding their mutual fund lineups with a particular focus on providing more investment options to retirees.
Capital International Asset Management (Canada) Inc., a part of Capital Group, announced on Tuesday the launch of its Capital Group Balanced Fund (Canada).
“The carefully managed portfolio of global stocks and bonds seeks to provide a solution for investors concerned about volatility and seeking stability, especially in retirement,” states the firm’s announcement.
The portfolio management team selects securities from stock and bond markets throughout the world, with a focus on dividend-paying stocks and investment-grade bonds.
The global fund avoids the capacity constraints that can be associated with the relatively small Canadian bond market, says Mark Tiffin, head of Capital Group’s Canadian operations, in a statement.
TD Asset Management Inc. (TDAM) also announced on Tuesday an addition to its retirement portfolio program, as well as other changes to its fund lineup.
TD US$ Retirement Portfolio is a low-risk mutual fund that aims to provide income in U.S. dollars (US$) and offer some growth potential while striving to reduce risk, TDAM’s announcement states.
TDAM’s three retirement portfolios will also now be available in a premium, fee-based cash-flow series, also known as “PS-Series.” TD Income Advantage Portfolio, TD US Monthly Income Fund (in US$) and TD Tactical Monthly Income Fund will also be available in PS-Series.
As well, the cash-flow version of TDAM’s Premium Series, within its K-Series lineup, will be extended to TD Income Advantage Portfolio and TD U.S. Monthly Income Fund (in US$).
“For investors who meet the minimum investment requirements, the PS-Series and K-Series provide access to potentially tax-efficient cash flows, with the added advantage of lower management fees,” TDAM’s announcement states.
TDAM is also launching TD US Risk Managed Equity Fund and TD Global Risk Managed Equity Fund, which aim to provide investors with exposure to a diversified portfolio with potential downside protection through the use of the firm’s proprietary risk-management strategy.