TD Asset Management (TDAM) has reported that Epoch Investment Partners will assume portfolio advisor responsibilities of the TD Global Dividend Fund and TD European Growth Fund, effective 31 July 2013.
Epoch’s appointment as portfolio advisor follows TD Bank Group’s acquisition of Epoch Holding Corporation on 27 March 2013.
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There will be no change to the fund’s investment objectives, however the fund’s 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.
Paul Orlander, president, TD Mutual Funds, said: "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% of the world’s economy."
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 $29.2 billion assets under management for clients, predominately institutional, around the world.
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