TD Asset Management to streamline mutual funds lineup

first_img Keywords Fund mergersCompanies TD Asset Management Inc. TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds and TD Managed Assets Program Portfolios, on Friday announced proposed changes to several of its mutual funds. The company proposes to discontinue seven of its funds and merge them with other funds on Apr. 15, 2016. Each proposed merger is subject to regulatory approval and the approval of the securityholders of the discontinuing fund, according to the TDAM announcement. The mergers involving the TD Resource Fund are also subject to regulatory approval and the approval of the fund’s securityholders. Click here for the list of discontinuing and continuing funds. In addition to the proposed mergers, TDAM proposes to terminate five other funds. The company will seek securityholder approvals for the proposed mergers and the termination of the TD Canadian T-Bill Fund at a special meeting to be held on or about April 6, 2016 in Toronto. In addition, TDAM plans to terminate four mutual funds — TD Japanese Index Fund, TD Japanese Growth Fund, TD FundSmart Managed Maximum Equity Growth Portfolio and TD U.S. Equity Currency Neutral Portfolio — on or about April 15, 2016. The terminating funds will no longer accept additional investments effective Dec. 1. TDAM also proposes to change the investment strategies of TD Resource Fund to provide the fund with the flexibility to invest its assets in securities anywhere in the world. The change will be effective on or about Nov. 16. Related news CI Investments announces 30 fund mergers Horizons proposes merger of two cannabis ETFscenter_img New portfolios from IG Wealth Management IE Staff Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img

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