TD offers U.S. Monthly Income Fund

TD Asset Management has launched the TD U.S. Monthly Income Fund, as the name suggests, seeks to provide a consistent level of monthly income in U.S. dollars.

The fund will invest mainly income-producing securities, such as dividend-paying common shares and preferred shares, bonds, exchange-traded funds and real estate investment trusts. Capital appreciation as a secondary objective.

“This fund offers investors looking for a U.S. dollar income stream the benefit of TDAM’s long-term investment approach, an opportunity to have exposure to U.S. dividend-paying securities, and access to an award-winning fixed income management team,” said Thomas Dyck, president, TD Mutual Funds.

The management team for the fund includes David Sykes, vice-president and director, TDAM, Glenn Davis, managing director, TDAM USA Inc. and Geoff Wilson, managing director, TDAM.

TD Mutual Funds is expanding its U.S. dollar purchase options to the Investor, Advisor and F-Series for the TD U.S. Large-Cap Value Fund, and the Advisor and F-Series for the TD U.S. Mid-Cap Growth Fund.

Staff

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