Bank's asset-management arm to waive part of fees on six core North American and international broad-market ETFs
TD Asset Management (TDAM) has announced plans to waive a portion of management fees charged on certain broad-market index ETFs.
Starting October 21, the firm is implementing modest cuts to the management fees of six of its core ETFs, including:
“By waiving a portion of the management fees charged on these products, we continue to provide investors with excellent value and exposure to North American and Global broad market indices which can help further diversify and enhance investor portfolios,” said TDAM CEO Bruce Cooper.
Following the management fee waivers, TDAM said the ETFs will be among the lowest-priced broad-market index ETFs in Canada, which it said bolsters its commitment to help investors reach their long-term financial goals.
Cooper highlighted his firm’s continuing efforts to provide investors with ETFs that capitalize on its expertise, including actively managed funds, quantitative strategies, and fixed-income solutions, as well as the firm’s new TD One-Click ETF Portfolio asset-allocation solutions.
“As always, we strive to provide investors with high value exchange-traded funds backed by our expertise, depth of experience and competitively-priced solutions,” Cooper said.