TD Morningstar ESG Equity Index ETFs provide
investors with a
low-cost, differentiated ESG solution
TORONTO, Dec. 1, 2020 /CNW/ - Today TD Asset Management
Inc. (TDAM) announced the launch of three Environmental, Social and
Governance (ESG) Exchange-Traded Funds (ETFs) to its expanding ESG
solution suite. The TD Morningstar ESG Equity Index ETFs were built
to provide investors with similar exposure to broad market indexes
while investing in best-in-class companies driving positive
change.
"At TDAM, we are always looking for more ways to help Canadians
align their investments with their values," said Rob Vanderhooft, Chief Investment Officer, TDAM.
"Our new TD Morningstar ESG Equity Index ETFs are a convenient,
low-cost and differentiated way to invest in companies that have
higher ESG ratings relative to their peers. Whether investors are
looking to invest in Canadian, U.S. or international equity markets
with a focus on ESG, they will benefit from the disciplined and
committed approach to sustainable investing at TDAM."
Each of the ETFs is designed to track a large and
mid-capitalization index in their respective region that includes
companies with higher ESG ratings relative to their peers. The
following TD Morningstar ESG Equity Index ETFs begin trading
on the Toronto Stock Exchange (TSX) today:
Fund
Name
|
TSX Ticker
Symbol
|
Management
Fee
|
TD Morningstar ESG
Canada Equity Index ETF
|
TMEC
|
0.10%
|
TD Morningstar ESG
U.S. Equity Index ETF
|
TMEU
|
0.15%
|
TD Morningstar ESG
International Equity Index ETF
|
TMEI
|
0.20%
|
TDAM is pleased to leverage the index construction capabilities
and research of Morningstar, an independent investment research
provider and index provider, and Sustainalytics, a globally
recognized ESG ratings and research firm and Morningstar company,
to provide Canadian investors a premier ESG solution that utilizes
a robust screening process. With deep Canadian roots,
Sustainalytics serves many of Canada's leading institutional investors who
incorporate ESG assessments into their investment processes. The
index methodology utilized in our newly launched TD Morningstar ESG
Equity Index ETFs eliminates companies in the gambling, tobacco and
controversial weapons industries, while including companies that
have low environmental, social and governance risk ratings, based
on Sustainalytics' ESG Risk Ratings. TDAM is providing Canadian
investors with ESG solutions they can feel good about, at a
reasonable cost.
Creating access to sustainable investment solutions for
investors continues to be a priority for TDAM. The launch of the
ESG ETFs follows the recent launch of two sustainable mutual funds.
TDAM also recently furthered its commitment to sustainable
investing through the development of the TDAM Sustainable
Investment Approach, and as an institutional investor signatory to
the Responsible Investment Association's investor statement on
diversity and inclusion.
Earlier this month, TD Bank Group released an ambitious
climate action plan, which includes a target of net-zero greenhouse
gas emissions associated with its operations and financing
activities by 2050 and an announcement that TD will not provide new
project-specific financial services, including advisory services,
for activities that are directly related to the exploration,
development or production of oil and gas within the Arctic
Circle.
These initiatives highlight the continued efforts at TD to offer
sustainable products, services and programs to its customers and
clients and its commitment to contributing to a more inclusive
society.
Additional information about the TD Morningstar ESG Equity Index
ETFs, including the prospectus and ETF Facts, can be found
at www.tdassetmanagement.com.
For more information on sustainable and responsible investing,
visit the TDAM Sustainable Investing page and view the TD
Bank Group 2019 ESG Report.
Commissions, management fees and expenses all may be associated
with investments in ETFs. Please read the prospectus and ETF Facts
before investing. ETFs are not guaranteed, their values change
frequently and past performance may not be repeated. ETF units are
bought and sold at market price on a stock exchange and brokerage
commissions will reduce returns.
Morningstar® Canada Sustainability Extended IndexSM,
Morningstar® US Sustainability Extended IndexSM and Morningstar®
Developed Markets ex-North America Sustainability Extended IndexSM
are service marks of Morningstar, Inc. and have been licensed for
use for certain purposes by TD Asset Management Inc. The TD
Morningstar ESG Canada Equity Index ETF, TD Morningstar ESG
International Equity Index ETF and TD Morningstar ESG U.S. Equity
Index ETF (collectively, the "TD ETFs") are not sponsored,
endorsed, sold or promoted by Morningstar Research Inc.
("Morningstar"), and Morningstar makes no representation regarding
the advisability of investing in the TD ETFs.
TD ETFs are managed by TD Asset Management Inc., a wholly-owned
subsidiary of The Toronto-Dominion Bank.
®©2020 Morningstar is a registered mark of Morningstar Research
Inc. All rights reserved.
® The TD logo and other trademarks are the property of The
Toronto-Dominion Bank or its subsidiaries.
About TDAM
TD Asset Management (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 $396
billion in assets as at September 30,
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.