TD Asset Management (TDAM) has launched three, actively-managed TD Exchange Traded Funds (TD ETFs): TD Active Preferred Share ETF (TPRF); TD Select Short Term Corporate Bond Ladder ETF (TCSB); and TD Select US Short Term Corporate Bond Ladder ETF (TUSB/TUSB.U).
TDAM says the ETFs broadens TD’s diverse suite of product offerings and commitment to providing clients with innovative solutions to help meet their investment needs. The new TD ETFs are competitively priced and are specifically designed to seek out strong, risk-adjusted returns.
“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,” says Bruce Cooper, CEO & CIO, TD Asset Management.
The TD Active Preferred Share ETF will invest primarily in Canadian listed preferred shares that seek to increase the yield of an investor’s portfolio. The annual management fee is 0.45 per cent of NAV.
The TD Select Short Term Corporate Bond Ladder ETF seeks to earn a high rate of interest while preserving capital through exposure to the performance of a diversified portfolio of primarily investment-grade Canadian corporate bonds. The ETF may also look for added value from non-Canadian and/or non-investment-grade debt instruments to help enhance total return. The annual management fee is 0.25 per cent of NAV.
The TD Select US Short Term Corporate Bond Ladder ETF seeks to earn a high rate of interest while preserving capital through exposure to the performance of a diversified portfolio of primarily investment-grade U.S. corporate bonds. The ETF may also look for added value from non-investment grade debt instruments to help enhance total return. The annual management fee is 0.25 per cent of NAV.
“These new ETFs provide investors with additional choice and flexibility to help manage risk, reduce portfolio volatility and potentially outperform the market,” says 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.”
