TD Mutual Funds, a subsidiary of TD Asset Management (TDAM), has launched the TD U.S. Monthly Income Fund. The fund seeks to offer a consistent level of monthly income in U.S. dollars by investing primarily in income-producing securities, with capital appreciation as a secondary objective.
The income-producing securities may include dividend-paying common shares and preferred shares, bonds, exchange-traded funds and real estate investment trusts. The management team for the vehicle includes David Sykes, vice president and director TDAM, Glenn Davis, managing director TDAM USA, and Geoff Wilson, managing director, TDAM.
Click here for the release from Canada Newswire.