New ETF allows Canadians to invest in
healthcare companies at the forefront of innovation in
healthcare
TORONTO, April 14, 2021 /CNW/ - Today, TD Asset Management
Inc. (TDAM) announced the launch of TD Global Healthcare Leaders
Index ETF (Ticker Symbol: "TDOC"), a new low-cost solution
providing investors with global exposure to the growing healthcare
industry.
"With the realities we've all experienced as a result of
COVID-19, the global healthcare industry has never been more
important. That's why we're proud to launch the TD Global
Healthcare Leaders Index ETF, which provides unitholders with the
opportunity to invest in companies that are on the forefront of
healthcare innovation," said Rob
Vanderhooft, Chief Investment Officer, TDAM and Senior Vice
President, TD Bank Group. "The sector is already one of the largest
in the S&P 500 Index and continues to expand globally. With
changes in demographics and the impact of global health events,
significant investments in medicine, equipment and services are
necessary to help meet these changes," added Vanderhooft. "This new
ETF offers a convenient and low-cost way to participate in this
growth, while investing in companies dedicated to supporting
progress in healthcare and our collective well-being over the
long-term."
TD Global Healthcare Leaders Index ETF seeks to track the
performance of a global equity index which measures the investment
return of global issuers related to healthcare. Currently, TD
Global Healthcare Leaders Index ETF aims to track the Solactive
Global Healthcare Leaders Index (CA NTR), which reflects the
securities performance of global large and mid-capitalization
issuers that are related to healthcare.
Features of this TD ETF include:
- Global Exposure: TD Global Healthcare Leaders Index
ETF invests in companies across multiple countries that are at
the forefront of healthcare innovations, as well as technology and
pharmaceuticals, healthcare equipment and life sciences tools, and
service providers.
- Diversified Portfolio: A cap of 2% on individual
securities improves diversification compared to indexes or
portfolios that overweight mega-cap pharmaceutical companies
- Low Cost: A competitive management fee of 0.35% provides
a low-cost option for global exposure to the attractive, growing
healthcare industry
Additional information about TD Global Healthcare Leaders Index
ETF, including the prospectus and ETF Facts, can be found
at www.tdassetmanagement.com. Information about the complete
suite of TD ETFs is also available on the TD ETF Resource
Centre.
About TD Asset Management Inc.
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 $407 billion in assets
as at December 31, 2020. 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.