Available to accredited investor clients, the funds provide access to specialized expertise in alternative assets
TD Asset Management (TDAM) has announced two new alternative investment solutions for accredited investors. Available exclusively to TD Wealth Private Wealth Management clients, the new funds provide are the TD Greystone Mortgage and Short Bond Pooled Fund Trust and the TD Emerald Private / Public Debt Pooled Fund Trust.
“These funds offer investors the potential benefit of diversification because of their low correlation to the equity market, as well as protection against inflation,” said Bruce Cooper, CEO and CIO, TDAM.
The funds offer investors access to the portfolio investment expertise of TD Greystone Asset Management, which was born from TDAM’s acquisition of Regina-based Greystone Managed Investments that was announced last year.
“This is the first of several investment products that will tap into the extensive experience of both firms to meet the unique investing needs of our Private Wealth Management clients," Cooper said.
The TD Greystone Mortgage and Short Bond Pooled Fund Trust aims to provide income and long-term capital preservation. It will do this by primarily investing in, or gaining exposure to, a diversified portfolio of Canadian commercial mortgages and fixed-income investments.
The TD Emerald Private/Public Debt Pooled Fund Trust also seeks to provide income and long-term capital preservation, but it will do this by mainly investing in, or gaining exposure to, private and public fixed-income securities.
“These new funds, led by the expertise of TDAM and TD Greystone, offer an exclusive opportunity for our High Net Worth clients as we can now offer a more holistic approach to how we build and grow client portfolios,” said Dave Kelly, SVP and head of Private Wealth Management and Financial Planning, TD Bank Group.
TD has been moving toward a more comprehensive approach over the last few years. In 2017, it unveiled a proprietary tool for its advisors to uncover their clients’ financial blind spots. And aside from its acquisition of Greystone last year, it has also announced efforts to incorporate technology like artificial intelligence in client services, as well as a new wealth-management program aimed at building personalizes goal-based plans for health care practitioners and their families.