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TD Waterhouse Releases 5 New Index Funds

News and Turtle2

Yesterday, TD Waterhouse Group announced the addition of seven house-brand no-load mutual funds to its list of mutual funds. The new funds will be available only through TD Waterhouse and require a minimum initial investment of $1,000. Five of the seven new funds are index funds. They are:

Fund Name Expense Ratio
TD Waterhouse Bond Index Fund
0.35%
TD Waterhouse 500 Index Fund
0.35%
TD Waterhouse Extended Market Index Fund
0.40%
TD Waterhouse Asian Index Fund
0.58%
TD Waterhouse European Index Fund
0.58%

"Competitively, these are among the lowest cost index funds available and they are the lowest priced index funds in our no transaction fee (NTF) network," said Peter Mangan, Chief Operating Officer of Mutual Funds at TD Waterhouse Group, Inc.

TD Waterhouse also launched two actively-managed mutual funds, the TD Waterhouse Technology Fund and the TD Waterhouse Tax Managed Growth Fund, which have expense ratios of 1.25% and 1.10%, respectively. These two funds will be managed by T. Rowe Price Associates, Inc.