TDAM evolves its ETF lineup with the low-cost
TD Morningstar ESG Canada Corporate Bond Index ETF, TD Morningstar
ESG U.S. Corporate Bond Index ETF and the TD Global Technology
Innovators Index ETF
TORONTO, Nov. 30, 2021 /CNW/ - Today, TD Asset
Management Inc. (TDAM) announced the launch of three ETFs including
two new Environmental, Social and Governance (ESG) Exchange-Traded
Funds (ETFs) to its expanding ESG solution suite. TD Morningstar
ESG Canada Corporate Bond Index ETF (TMCC) and TD Morningstar ESG
U.S. Corporate Bond Index ETF (TMUC) seek to track the performance
of corporate bond indexes that measure the investment return of
fixed income securities from issuers that exhibit higher ESG
ratings relative to their peers.
"At TDAM, we are always looking for more ways to help investors
align their investments with sustainable options," said
Priti Shokeen, Vice President &
Director, ESG Research & Engagement, TDAM.
"Our new TD Morningstar ESG Canada Corporate Bond Index
ETF (TMCC) and TD Morningstar ESG U.S. Corporate Bond Index ETF
(TMUC) offer a convenient, low-cost way to gain exposure to fixed
income securities that are investment grade quality and also meet
rigorous ESG criteria. At the same time, the ETFs are designed to
maintain similar interest rate sensitivity, yield, sector
weights and credit quality as their non-ESG screened parent
indexes, Morningstar® Canada Corporate Bond IndexTM and
Morningstar® US Corporate Bond IndexTM, respectively. As
part of a diversified portfolio, they can also complement the
popular TD Morningstar ESG Equity Index ETFs that we introduced in
December 2020."
TDAM also announced the launch of its new TD Global Technology
Innovators Index ETF (TECI), which seeks to track the performance
of a technology innovators index which measures the investment
return of technology companies that are deemed to be innovators
based on higher annual growth rates in revenue, return on invested
capital and operating margin expansion relative to their peers,
while eliminating mega-cap technology stocks that may represent a
large component of a particular index. "This new ETF is a great way
to invest in the technology of tomorrow, today," said Dino
Vevaina, Vice President & Director and Portfolio Manager, TDAM.
"Investors can participate in the growth potential of global
companies on the forefront of technology innovation without being
overweight in mega-cap tech companies. The ETF can also be used in
combination with our popular TD Global Technology Leaders Index ETF
(TEC) which offers investors a broader pure-play technology
exposure including access to mega-cap tech companies."
"We're so excited to build on our ESG collaboration with TDAM,
extending beyond ESG equity indexes to provide our ESG fixed income
indexes as well," said Katie Binns,
Senior Product Manager, Fixed Income & Multi-Asset Indexes at
Morningstar, Inc. "Sustainable investing is a rapidly growing part
of investor portfolios and providing a consistent multi-asset lens
to ESG risk considerations is increasingly important to clients.
Working closely with our colleagues at Morningstar, Sustainalytics
and TDAM, we believe we have designed unique indexes to meet the
needs of ESG-oriented investors across asset classes."
The following ETFs begin trading on the Toronto Stock
Exchange (TSX) today:
Fund
Name
|
TSX Ticker
Symbol
|
Management
Fee
|
TD Morningstar ESG
Canada Corporate Bond Index ETF
|
TMCC
|
0.15%
|
TD Morningstar ESG
U.S. Corporate Bond Index ETF
|
TMUC
|
0.20%
|
TD Global Technology
Innovators Index ETF
|
TECI
|
0.45%
|
TDAM is pleased to leverage the index construction capabilities
and research of Morningstar, Inc., an independent investment and
index provider, and Sustainalytics, a Morningstar company and a
leading global provider of ESG research, ratings and data, to
provide Canadian investors with a premier ESG solution that
utilizes a robust screening process. With deep Canadian roots,
Sustainalytics serves many of Canada's leading institutional investors who
incorporate ESG assessments into their investment processes. The
index methodology utilized in our newly launched TD Morningstar ESG
Canada Corporate Bond Index ETF and TD Morningstar ESG U.S.
Corporate Bond Index ETF eliminates companies with specific
product involvements such as tobacco, small arms, and controversial
weapons, while including companies that have low ESG risk
ratings.
Creating access to sustainable investment solutions for
investors continues to be a priority for TDAM. The launch of TD
Morningstar ESG Canada Corporate Bond Index ETF and TD Morningstar
ESG U.S. Corporate Bond Index ETF follows the 2020 launch of three
sustainable ESG ETFs and two sustainable mutual funds. TDAM is also
committed to sustainable investing through its TDAM
Sustainable Investment Approach, and as an institutional signatory
to the Canadian Investor Statement on Climate Change and the
Responsible Investment Association's investor statement on
diversity and inclusion.
Combined with TD Bank Group's ambitious climate action
plan , which includes a target of net-zero greenhouse gas
emissions associated with its operations and financing activities
by 2050, among other announcements, these initiatives highlight TD
Bank Group's continued efforts to offer sustainable products,
services and programs to its customers and clients and its
commitment to contributing to a more inclusive society.
Additional information about TD Morningstar ESG Canada Corporate
Bond Index ETF, TD Morningstar ESG U.S. Corporate Bond Index ETF
and TD Global Technology Innovators Index ETF, including the
prospectus and ETF Facts, can be found
at www.tdassetmanagement.com.
For more information on sustainable and responsible investing,
visit the TDAM Sustainable Investing page and view the TD
Bank Group 2020 ESG Report.
Commissions, management fees and expenses all may be associated
with investments in ETFs. Please read the prospectus and ETF Facts
before investing. ETFs are not guaranteed, their values change
frequently and past performance may not be repeated. ETF units are
bought and sold at market price on a stock exchange and brokerage
commissions will reduce returns.
The Morningstar® Canada Corporate Bond Sustainability
IndexTM and the Morningstar® US Corporate Bond
Sustainability IndexTM are service marks of
Morningstar, Inc. and have been licensed for use for certain
purposes by TD Asset Management Inc. The TD Morningstar ESG Canada
Corporate Bond Index ETF and TD Morningstar ESG U.S. Corporate Bond
Index ETF (collectively, the "TD ESG ETFs") are not sponsored,
endorsed, sold or promoted by Morningstar, and Morningstar makes no
representation regarding the advisability of investing in the TD
ESG ETFs.
The TD Global Technology Innovators Index ETF ("TD ETF") is not
sponsored, promoted, sold or supported in any other manner by
Solactive AG nor does Solactive AG offer any express or implicit
guarantee or assurance either with regard to the results of using
the Solactive Global Technology Innovators Index (CA NTR) ("Index")
and/or any trademark(s) associated with the Index or the price of
the Index at any time or in any other respect. The Index is
calculated and published by Solactive AG. Solactive AG uses its
best efforts to ensure that the Index is calculated correctly.
Irrespective of its obligations towards TDAM, Solactive AG has no
obligation to point out errors in the Index to third parties
including but not limited to investors and/or financial
intermediaries of the TD ETF. Neither publication of the Index by
Solactive AG nor the licensing of the Index or any trademark(s)
associated with the Index for the purpose of use in connection with
the TD ETF constitutes a recommendation by Solactive AG to invest
capital in said TD ETF nor does it in any way represent an
assurance or opinion of Solactive AG with regard to any investment
in this TD ETF.
TD ETFs are managed by TD Asset Management Inc., a wholly-owned
subsidiary of The Toronto-Dominion Bank.
®©2021 Morningstar is a registered mark of Morningstar Research
Inc. All rights reserved.
® The TD logo and other trademarks are the property of The
Toronto-Dominion Bank or its subsidiaries.
About TDAM
TD Asset Management Inc. (TDAM), a member of TD Bank Group, is a
North American investment management firm. Operating through TD
Asset Management Inc. in Canada and
TDAM USA Inc. in the U.S., TDAM brings new thinking to
investors' most important challenges. TDAM offers investment
solutions to corporations, pension funds, endowments, foundations
and individual investors. Additionally, TDAM manages assets on
behalf of almost 2 million retail investors and offers a broadly
diversified suite of investment solutions including mutual funds,
professionally managed portfolios and corporate class funds. Asset
management businesses at TD manage $431
billion in assets as at September 30,
2021. Assets under management include TD Asset Management
Inc., TDAM USA Inc. and Epoch Investment Partners Inc.
(Epoch). All entities are wholly-owned subsidiaries of The
Toronto-Dominion Bank.
SOURCE TD Asset Management Inc.