TD Asset Management launches new ETF focused on growing global carbon credit market
New TD ETF offers investors exposure to a unique and growing asset class that has a historically low correlation to traditional asset classes
TORONTO, August 30, 2022 /CNW/ – Today, TD Asset Management Inc. (TDAM) announced the launch of TD Global Carbon Credit Index ETF (Ticker: “TCBN”), a new low-cost exchange-traded fund (ETF) solution. cost offering investors global exposure to the growing carbon credit market.
“Governments around the world have adopted the practice of pricing greenhouse gas emissions to combat climate change. With this in mind, carbon credits have become an important alternative asset class by putting a price on the and creating a market where companies can trade emissions. That’s why we’re proud to launch the TD Global Carbon Credit Index ETF, which offers investors the opportunity to participate in the energy transition economy through through carbon credits,” said Bruce CooperCEO, TDAM and Senior Vice President, TD Bank Group.
The TD Global Carbon Credits Index ETF seeks to track, to the extent possible and before 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 return on investment of carbon credits capped and traded globally.
“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 additional diversification benefits within a portfolio,” said added Cooper. “This new ETF offers investors a convenient and inexpensive way to participate in a single market that benefits from the rising 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 trading volumes and carbon prices, and is expected to maintain above-average long-term growth
- Opportunities for diversification and growth: Carbon credits have 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 the TD Global Carbon Credits Index ETF, including the prospectus and ETF Facts, is available at www.TDAssetManagement.com. Information on the full lineup of TD ETFs is also available in the TD ETF Resource Centre.
Commissions, management fees and expenses all may be associated with investing 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 shares are bought and sold at market price on the stock exchange and brokerage commissions will reduce returns.
The TD Global Carbon Credit Index ETF (“TD ETF”) is not sponsored, promoted, sold or endorsed in any way by Solactive AG and Solactive AG makes no express or implied warranties or assurances regarding results. use of the Solactive Global Carbon Credit CAD Hedged Index (“Index”) and/or any trademark(s) associated with the Index or the Index price at any time or any other respect. The Index is calculated and published by Solactive AG. Solactive AG does its best to ensure that the index is calculated correctly. Regardless of its obligations to TDAM, Solactive AG has no obligation to report errors in the Index to third parties, including, but not limited to, investors and/or financial intermediaries of the TD ETF. Neither the publication of the Index by Solactive AG nor the licensing of the Index or any trademark associated with the Index for use in connection with the TD ETF constitutes a recommendation by Solactive AG to invest in capital in such TD ETF nor in any way represent an assurance or opinion of Solactive AG with respect to any investment in such TD ETF?
TD ETFs are managed by TD Asset Management Inc., a wholly owned subsidiary of The Toronto-Dominion Bank and are offered through authorized dealers.
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About TD Asset Management Inc.
TD Asset Management Inc. (“TDAM”), a member of TD Bank Group, is a North American investment management company. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of nearly 2 million retail investors and offers a broadly diversified range of investment solutions, including mutual funds, professionally managed portfolios and corporate class funds. . TD’s asset management businesses 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. United States. Both entities are affiliates and wholly owned subsidiaries of The Toronto-Dominion Bank.
SOURCE TD Asset Management Inc.