TD Asset Management’s New All-Equity ETF Now Trading on TSX
TD Asset Management is expanding its suite of exchange-traded funds with a new all-equity ETF trading on the Toronto Stock Exchange (TSX), the company announced Tuesday.
The TD All-Equity ETF Portfolio (TEQT), seeks to provide long-term capital growth by investing primarily in units of other equity-oriented ETFs, emphasizing those with greater potential for capital growth, according to a press release. The management fee is 0.15%.
“We launched the TD All-Equity ETF Portfolio (TEQT) to meet growing demand from investors who want a simple, low-cost way to access the long-term growth potential of global equity markets,” a TD Asset Management spokesperson told etf.com. “TEQT now joins the suite of all-in-one ETFs offered by TD Asset Management.”
The move comes during an especially volatile time for the stock market amid uncertainty about President Donald Trump’s trade policies. Still, TD Asset Management, which operates in Canada, is betting that investors are looking for affordable ways to invest in a diversified portfolio of stocks.
“As the investment landscape evolves, today’s investors are looking for convenient, simple and efficient solutions to help meet their dynamic needs,” David Sykes, senior vice president and chief investment officer at TD Asset Management, said in the press release. “The TD All-Equity ETF Portfolio is designed with this in mind. We believe this new solution provides essential tools to help modern investors meet their diverse needs.”
The growth-oriented portfolio is continuously monitored and rebalanced quarterly to bring its allocation back to the desired geographic mix relative to the benchmark, according to a product overview from the company. The benchmark is 25% Solactive Canada Broad Market Index (CA NTR), 55% Solactive US Large Cap CAD Index (CA NTR) and 20% Solactive GBS Developed Markets ex North America Large & Mid-Cap CAD Index (CA NTR).
The new fund is part of the company’s suite of ETFs that offer a convenient way for investors to diversify their portfolio through index funds with exposure to broad-based equity markets, according to the product overview.