Separately Managed Accounts

TD Capital offers a range of customized solutions for institutional investors tailored to meet their individual needs. A separately managed account provides institutional investors with the benefit of a customized investment program as well as the portfolio diversification, streamlined administration and consolidated reporting benefits of a traditional fund of funds. In November 2005, TD Capital announced the launch of a Canadian investment program on behalf of CPP Investment Board. TD Capital also manages a series of global programs on behalf of other institutional investors.