TDAM launches mutual fund series options, changes risk ratings

TD Asset Management (TDAM) plans to launch new mutual fund series options and make changes to certain TD mutual funds.

“These changes are designed to provide investors with a broader range of portfolio diversification choices and help strengthen TDAM’s existing lineup of investment solutions,” said the firm in a release.

TDAM will launch an F-Series for its TD Comfort Portfolios on Aug.16. The new series “will allow for in-kind transfers of Investors Series TD Comfort Portfolios to a fee-based platform without triggering capital gains for clients holding assets in non-registered accounts,” added the release.

Changes to other funds include:

• lowering the administration fee for the TD U.S. Equity Portfolio from 0.30% to 0.08%;
• reducing the management fee from 1.0% to 0.95% for the Institutional Series of the Epoch Global Shareholder Yield Fund; and
• changing the name of the TD Entertainment & Communications Fund to TD Global Entertainment & Communications Fund.

Read: Investors Group expands products available for RDSPs

Risk rating changes

TD Mutual Funds will be changing their risk ratings for the funds below on July 26.

Also read:

Trailing fees paid to TD Brokers result in proposed class action

CIBC changes risk ratings for 4 funds

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.