TD Asset Management Inc. Announces Portfolio Adviser Changes

TORONTO, July 19, 2013 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, announced today that Epoch Investment Partners, Inc. (Epoch) will assume portfolio adviser responsibilities of the following funds (the Funds), effective July 31, 2013:

• TD Global Dividend Fund

• TD European Growth Fund

Epoch's appointment as portfolio adviser follows TD Bank Group's acquisition of Epoch Holding Corporation on March 27, 2013.

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.

"Both mandates will benefit from Epoch's considerable expertise and experience," said Paul Orlander, President, TD Mutual Funds. "The TD Global Dividend Fund will leverage Epoch's Global Equity Shareholder Yield strategy, which is at the core of its product offerings, while the TD European Growth Fund will provide investors with enhanced exposure to companies in the European Union, a market which makes up 25 percent of the world's economy. We look forward to working alongside Epoch in delivering investment excellence and long-term value to investors."

Epoch is a successful asset management firm based in New York City. Founded in 2004, Epoch has 70 employees and their asset management team has an average of over 20 years of investment management experience. With a collaborative and client-focused culture, Epoch will work with TDAM to help clients achieve their investment goals. As of June 30, 2013, Epoch managed approximately US$29.2 billion assets under management for clients, predominately institutional, around the world.

About TD Asset Management Inc.
Through TD Mutual Funds, TD Asset Management Inc. (TDAM) provides a diverse range of 70 mutual funds, 26 professionally managed portfolios and 20 corporate class funds. TDAM manages retail mutual fund assets on behalf of more than 1.7 million investors and TD Mutual Funds is one of the most broadly diversified fund families in Canada. Funds are available at TD Canada Trust branches (through TD Investment Services Inc. representatives), TD Direct Investing, TD Wealth Financial Planning, TD Wealth Private Investment Advice as well as independent investment dealers. As of May 31, 2013 TDAM was the fourth largest mutual fund company in Canada, with CDN$75.2 billion invested in TD Mutual Funds.

SOURCE: TD Asset Management Inc.