The investment management firm offers investors new ways to minimize currency risks associated with foreign equity exposure
TD Asset Management has announced the launch of two new currency neutral funds: the Epoch Global Shareholder Yield Currency Neutral Fund and the TD U.S. Low Volatility Currency Neutral Fund.
The funds aim to let investors achieve foreign equity exposure while minimizing the impact exchange rate fluctuations may have on the funds’ underlying investments.
"These new solutions offer investors access to two of our most popular U.S. and Global equity strategies, with less worry of how currency fluctuations will affect their returns," declared Tim Wiggan, chief executive officer of TDAM. "Our hedging strategies can help reduce the risk associated with foreign currency exposure, which can benefit investors, particularly when the Canadian dollar appreciates versus the U.S. dollar or other foreign currencies."
The announcement comes about two weeks after the investment management firm announced a lowered risk rating for its Canadian Core Plus Bond Fund, and a few days after Sun Life announced new currency hedged series for two of its US funds.
Related stories:
Changes announced for TD Asset Management
Sun Life enhances currency hedged series offering
