Toronto-based TD Asset Management Inc. (TDAM) has launched two currency-neutral funds on Tuesday that seek to provide clients with foreign equity exposure while minimizing the impact that currency fluctuations can have on those investments.
Epoch Global Shareholder Yield Currency Neutral Fund is meant to deliver regular income through exposure to dividend-paying equity securities and other income-producing instruments from around the world while TD U.S. Low Volatility Currency Neutral Fund looks to develop long-term capital appreciation through exposure to U.S.-based issuers.
“These new solutions offer investors access to two of our most popular U.S. and global equity strategies, with less worry of how currency fluctuations will affect their returns,” says Tim Wiggan, CEO of TDAM, in a statement. “Our hedging strategies can help reduce the risk associated with foreign currency exposure, which can benefit investors, particularly when the Canadian dollar appreciates versus the U.S. dollar or other foreign currencies.”
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