TD Asset Management has launched a suite of low-cost managed portfolios made up of TD index-tracking ETFs. The TD Managed ETF Portfolios are designed to meet a range of investor risk profiles and are currently available as mutual funds.
Paul Orlander, President of TD Mutual Funds.
“We are excited to offer self-directed investors a new suite of all in one index solutions that provide multi-asset exposure to TD ETFs within a single portfolio,” said Paul Orlander, President of TD Mutual Funds. “These portfolios have been carefully constructed by TDAM’s team of investment professionals and are designed to act as diversified, low-cost investment vehicles to meet a wide range of investor needs.”
The firm has launched five ETF Managed Portfolios, each designed to suit a different investor risk profile.
The TD Managed Income ETF Portfolio aims to generate a moderate level of income while preserving investment capital and liquidity and providing some potential for capital growth.
The TD Managed Income and Moderate Growth ETF Portfolio seeks to generate a reasonable rate of interest and dividend income while also providing the opportunity for moderate capital growth.
The TD Managed Balanced Growth ETF Portfolio seeks to generate long-term capital growth while also providing the opportunity to earn some interest and dividend income.
The TD Managed Portfolio Aggressive Growth ETF Portfolio aims to generate long-term capital growth with the added potential for earning a modest level of interest and dividend income.
The TD Managed Maximum Growth ETF Portfolio seeks to generate long-term capital growth.
The minimum initial investment in each of the portfolios is $2000.
TD Asset Management offers a suite of five equity ETFs and one fixed income ETF that will form the building blocks of the funds.
The TD S&P/TSX Capped Composite ETF (TSX: TTP) tracks the performance of the broad Canadian equity market and has $5 million AUM with a management expense ratio of 0.08%.
The TD S&P 500 Index ETF (TSX: TPU) and the TD S&P 500 CAD Hedged Index ETF (TSX: THU) track the performance of the S&P 500 and have AUM of $9m and $3m respectively with a management expense ratio of 0.11% for both ETFs.
The TD International Equity Index ETF (TSX: TPE) and the TD International Equity CAD Hedged Index (TSX: THE) track the performance of large and mid-cap stocks in Europe, Asia and the Far East, excluding South Korea. TPE has AUM of $6m while THE has AUM of $3m, with both ETFs having a management expense ratio of 0.20%.
The TD Canadian Aggregate Bond Index ETF (TSX: TDB) tracks the performance of a broad index of CAD-denominated investment grade debt issued by governments and corporates. The fund has AUM of $40m and has a management expense ratio of 0.11%.