TD Asset Management (TDAM), the manager of TD Mutual Funds, has launched two currency neutral funds: the Epoch Global Shareholder Yield Currency Neutral Fund and the TD US Low Volatility Currency Neutral Fund.
For investors seeking foreign equity exposure, the funds seek to minimise the impact that currency fluctuations can have on the funds' underlying investments.
"These new solutions offer investors access to two of our most popular US and Global equity strategies, with less worry of how currency fluctuations will affect their returns," says Tim Wiggan, chief executive officer, TDAM. "Our hedging strategies can help reduce the risk associated with foreign currency exposure, which can benefit investors, particularly when the Canadian dollar appreciates versus the US dollar or other foreign currencies."
Whether investors are seeking a currency neutral solution with a low volatility US equity focus, or a broader global equity option that can deliver regular income, the funds strive to deliver consistent and strong risk-adjusted returns over the longer term.