The Toronto-Dominion Bank (TD.TO) Climbs 2.3% Amid Changes In Risk Ratings For Several TD Mutual Funds, As Well As A New USD Purchasing Option.

The stock price remains unsteady during the five days, but yesterday’s worth of The Toronto-Dominion Bank gains momentum. On Friday, the trade closed at Can$83.28; later, it dropped to Can$82,21 on July 26. Since Monday, the stock commenced to gains momentum from Can$82.45 to Can$84.15 by profit 2%. The risk ratings for the TD China Income & Growth Fund, TD Emerging Markets Fund, TD Emerging Markets Class, and TD Canadian Diversified Yield Fund will be altering starting July 29, 2021, according to TD Asset Management Inc. TDAM also announced that US dollar purchase options would be available in the Investor Series, Advisor Series, F Series, and Private Series divisions of the TD China Income & Growth Fund to provide even more flexibility.

The risk rating adjustments are based on the Canadian Securities Administrators’ standardized risk categorization methodology and an annual assessment done by TDAM to evaluate the risk level of publicly traded investment vehicles. The TD Mutual Funds’ simplified prospectus describes the CSA’s risk categorization methodology and the Funds’ investment objectives and strategies.

Jack Dawkins

Finance and Tech Contributor

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