Toronto-based TD Asset Management Inc. (TDAM), manager of TD Managed Maximum Equity Growth Portfolio and TD FundSmart Managed Maximum Equity Growth Portfolio, has changed the portfolios’ neutral asset mix from generally 100% equities to 90% equities and 10% fixed-income. The asset allocation will be maintained within a range of 10% above or below the neutral weighting for each asset class. To reflect the change in the neutral weighting, TDAM has added credit and interest rate risk to the portfolios’ fund-specific risks. These changes do not alter the portfolios’ risk ratings or investment objectives.
(cohara@investmentexecutive.com).
© 2012 Investment Executive. All rights reserved.