New TD ETF offers investors exposure to a
unique and growing asset class that exhibits a historically low
correlation to traditional asset classes
TORONTO, Aug. 30,
2022 /CNW/ - Today, TD Asset Management Inc. (TDAM)
announced the launch of TD Global Carbon Credit Index ETF (Ticker
Symbol: "TCBN"), a new low-cost Exchange Traded Fund (ETF) solution
providing investors with global exposure to the growing carbon
credit market.
"Governments across the globe have adopted the practice of
pricing greenhouse gas emissions to tackle climate change. With
this in mind, carbon credits have emerged as an important
alternative asset class by putting a price on carbon and creating a
market in which companies can trade emissions permits. That's why
we're proud to launch the TD Global Carbon Credit Index ETF, which
provides investors with an opportunity to participate in the energy
transition economy via carbon credits," said Bruce Cooper, Chief Executive Officer, TDAM and
Senior Vice President, TD Bank Group.
TD Global Carbon Credit Index ETF seeks to track, to the extent
reasonably possible and before the deduction of fees and expenses,
the performance of a global carbon credits market index. Currently,
TCBN aims to track the Solactive Global Carbon Credit CAD Hedged
Index, which measures the investment return of global cap-and-trade
carbon emission credits.
"In addition to participating in the transition from fossil
fuels to more sustainable energy sources, we expect positive
returns from the carbon credit market as well as added
diversification benefits within a portfolio," added Cooper. "This
new ETF offers investors a convenient and low-cost way to
participate in a unique market that benefits from the increase in
the price of carbon."
Features of this innovative TD ETF include:
- Exposure to an Attractive Growing Market: The carbon
credit market has seen incredible growth in both trading volumes
and carbon prices, and is expected to maintain above-average,
long-term growth
- Diversification and Growth Opportunities: Carbon credits have exhibited a historically
low correlation to traditional asset classes such as fixed income
and equities and offer exposure to the energy transition
economy
- Low-Cost Structure: TCBN's competitive management fee of
0.65% makes it one of the lowest in North
America for this asset class
Additional information about TD Global Carbon Credit Index ETF,
including the prospectus and ETF Facts, can be found at
www.TDAssetManagement.com. Information about the complete suite of
TD ETFs is also available on the TD ETF Resource Centre.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds (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.
The TD Global Carbon Credit Index ETF ("TD ETF") is not
sponsored, promoted, sold or supported in any other manner by
Solactive AG nor does Solactive AG offer any express or implicit
guarantee or assurance either with regard to the results of using
the Solactive Global Carbon Credit CAD Hedged Index ("Index")
and/or any trade mark(s) associated with the Index or the price of
the Index at any time or in any other respect. The Index is
calculated and published by Solactive AG. Solactive AG uses its
best efforts to ensure that the Index is calculated correctly.
Irrespective of its obligations towards TDAM, Solactive AG has no
obligation to point out errors in the Index to third parties
including but not limited to investors and/or financial
intermediaries of the TD ETF. Neither publication of the Index by
Solactive AG nor the licensing of the Index or any trade mark(s)
associated with the Index for the purpose of use in connection with
the TD ETF constitutes a recommendation by Solactive AG to invest
capital in said TD ETF nor does it in any way represent an
assurance or opinion of Solactive AG with regard to any investment
in this TD ETF.
TD ETFs are managed by TD Asset Management Inc., a wholly-owned
subsidiary of The Toronto-Dominion Bank and are available through
authorized dealers.
®The TD logo and other TD trademarks are the property of The
Toronto-Dominion Bank or its subsidiaries.
About TD Asset Management
Inc.
TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is
a North American investment management firm. 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 $398 billion in
assets. Aggregate statistics are as of June 30, 2022 for
TDAM and Epoch Investment Partners, Inc. TDAM operates
in Canada and Epoch Investment Partners, Inc. operates
in the United States. Both
entities are affiliates and are wholly-owned subsidiaries of The
Toronto-Dominion Bank.
SOURCE TD Asset Management Inc.