TD Asset Management Inc. announced Nov. 14 the launch of three, actively-managed TD Exchange Traded Funds.
"As clients are continually looking for ways to diversify their portfolios at a lower cost, offering actively-managed TD ETFs to an already diverse and innovative lineup of investment solutions is another example of how TDAM is committed to striving to provide clients with a best-in-class investing experience to help them achieve their financial goals," said Bruce Cooper, CEO & CIO, TD Asset Management.
The following actively-managed TD ETFs have begun trading on the Toronto Stock Exchange:TD Active Preferred Share ETF (Ticker: TPRF); TD Select Short Term Corporate Bond Ladder ETF (Ticker: TCSB) and TD Select U.S. Short Term Corporate Bond Ladder ETF (Ticker: TUSB / TUSB.U).
"These new ETFs provide investors with additional choice and flexibility to help manage risk, reduce portfolio volatility and potentially outperform the market," added Cooper. "As Canada's largest asset manager, we have extensive experience in managing ETFs for institutional clients and following the introduction of our passive ETFs in 2016 for retail clients, this is a natural extension of our offering."