TD Asset Management terminates six ETFs

In anticipation of this termination, TDAM aims to convert the ETFs’ holdings into cash, addressing any liabilities and obligations prior to distributing the residual net assets pro rata to unitholders based on each ETF’s net asset value per unit at the termination date. An ensuing press release near the termination date will provide further specifics of this process.

This strategic move is in line with TDAM’s ongoing evaluation and optimization of its product lineup, the firm said.. “It is crucial for us to consistently review our offerings and adjust in response to the changing needs of our investors and market dynamics,” a TDAM representative added in a statement.

Investors holding units in the terminating ETFs will be informed about the termination steps, including a notice dispatched at least two months before the termination date.

This announcement follows closely on the heels of TDAM’s expansion in its fixed income portfolio, introducing six new actively managed ETFs, namely the TD Target Maturity Bond ETFs (TD TMB ETFs).

The TD TMB ETF series encompasses: TD Target 2025, 2026, and 2027 Investment Grade Bond ETFs (TBCE, TBCF, TBCG) targeting Canadian bonds, along with TD Target 2025, 2026, and 2027 US Investment Grade Bond ETFs (TBUE.U, TBUF.U, TBUG.U) for American bonds.