TD Asset Management Inc. Announces Portfolio Adviser Changes to TD Private
TORONTO, April 10, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the manager
of TD Private Funds, announced today that Epoch Investment Partners, Inc.
(Epoch), will assume portfolio adviser responsibilities for the following
funds (the Funds) from TDAM, effective on or about May 15, 2013:
-- TD Private U.S. Blue Chip Equity Fund
-- TD Private U.S. Blue Chip Equity Currency Neutral Fund
Epoch's appointment as portfolio adviser follows TD Bank Group's recently
completed acquisition of Epoch Holding Corporation on March 27, 2013.
"We are thrilled to have the investment capabilities of Epoch available to our
clients through investment in these TD Private Funds," said Dave Kelly, Senior
Vice President, TD Waterhouse Private Client Group. "This further strengthens
our offering and supports our commitment to bringing world class equity
capability to our clients."
There will be no change to the Funds' investment objectives, however the
Funds' investment strategies will change to include Epoch's philosophy of
investing in companies that have the ability to generate free cash flow and
effectively allocate capital, which Epoch believes represents the best
predictor of long-term shareholder return.
"We are very pleased to bring our distinct perspectives and fund management
expertise to these mandates," said Tim Taussig, President and Chief Operating
Officer, Epoch. "We look forward to working alongside TD Asset Management and
delivering the client-focused investment management that is at the heart of
Epoch is a successful asset management firm based in New York City. Founded in
2004, Epoch has 67 employees and their asset management team has an average of
over 20 years of investment management experience. They have a collaborative
and client-focused culture and will work with TDAM to help clients achieve
their investment goals. As of March 31, 2013, Epoch managed approximately
US$27.1 billion assets under management for clients, predominately
institutional, around the world.
About TD Asset Management Inc.
TD Asset Management Inc. (TDAM) is a fully integrated North American
investment manager, with CDN$211 billion in assets under management as of
January 31, 2013. TDAM offers investment solutions to corporations, pension
funds, endowments, foundations and high net worth individuals. A cornerstone
of the success of TDAM's investment strategies has been the firm's disciplined
and risk-controlled approach to investment, along with its ability to innovate
progressive solutions that meet clients' changing needs and objectives.
Under TD Private Funds, TDAM manages approximately CDN$8 billion in assets, as
of February 28, 2013. TD Waterhouse Private Investment Counsel Inc. is one of
Canada's largest private client money management firms. TD Waterhouse Private
Investment Counsel's extensive network of professional portfolio managers
provide discretionary investment management services to high net worth
individuals and their families, small and mid-size corporations, charitable
organizations and foundations, and executors and trustees from coast to coast.
Amanda Tran TD Bank Group 416-983-7212 firstname.lastname@example.org
SOURCE: TD Asset Management Inc.
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-0- Apr/10/2013 13:00 GMT
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