Investment Strategy
The Fund aims to provide exposure to the U.S. equity market by closely matching key attributes of the blended benchmark (85% S&P 500 Hedged Total Return Index – C$, 15% S&P 500 Hedged Price Index – C$). The Fund holds units in the fully replicated TD Emerald U.S. Market Index Fund. Foreign currency exposure is substantially hedged to Canadian dollars utilizing currency forwards. The Fund is managed based on the belief that indexing reduces portfolio risk by investing in a comprehensive range of securities, while lowering costs compared with more active approaches.
Investment Objective
The Fund's objective is to track the performance of a broad based U.S. equity market index that measures the return of large-capitalization U.S. stocks, hedged into Canadian dollars.
Who Should Invest
The Fund is designed for institutional investors seeking cost-effective passive U.S equity exposure without the currency risk.
Fund Facts
US Equity |
Passive |
August 14, 1997 |
85% S&P 500 Hedged Total Return Index - C$, 15% S&P 500 Hedged Price Index - C$ |