How do mutual funds differ from managed accounts as investment vehicles for pension funds?
Managed accounts require substantially higher minimum investments and commission is charged on both the investment and the returns generated. However, they offer individual strategies and enable the timeframe of pension payouts to be taken into account.

What are the advantages of investing pension reserves in a managed account rather than in a mutual fund?
With a managed account, a pension fund can create a unique investment portfolio based on its desired risk, return and liquidity parameters.

What strategies does TDAM follow when investing pension funds?
TDAM tends to use the more conservative strategies, which aim to protect capital while guaranteeing returns and stability.

What proportion of pension reserves may be entrusted to any one management company?
This is usually stipulated in a pension fund’s founding documents and investment declaration.

What taxes are payable?
Any returns are liable for the profit tax.

How does one invest in a managed account?
The process is straightforward:

• Choose an investment strategy and fill out an application form.
• We will provide you with a managed account agreement.
• Sign the agreement and send it to us with the requisite documents.
• Money can then be transferred whenever necessary.

What information do you provide?
We provide a:

• Statement showing the account balance.
• Profit and loss report.
• Portfolio breakdown.
• Summary of the fees and commission charged.