TD Asset Management has announced that is will take over the role of portfolio advisor for the TD Balanced Income Fund, replacing Jarislowsky Fraser Limited, effective on or about December 15, 2011.
Once TDAM takes over, the investment strategies will change to reflect the investment process of the incoming portfolio management team.
The fund will be managed by Michael O’Brien and Christopher Case, both vice-presidents and directors, TDAM. Asset allocation for the fund will be overseen by Geoff Wilson, managing director, TDAM.
“Combining Michael’s Canadian equity expertise with the capabilities of Christopher and Geoff of our fixed-income team provides investors access to TDAM’s breadth of fund management expertise,” said Sandra Cimoroni, senior vice-president, TD Mutual Funds. “We would like to thank Jarislowsky Fraser for their stewardship of this Fund during their tenure.”