LONDON, NEW YORK and TORONTO - Newton* has announced that Newton Capital Management Limited, its business offering services in Canada and the U.S., has been awarded a new global equity mandate for TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds.

Under the TD Mutual Funds name, TDAM provides a diverse range of over 60 mutual funds and 20 professionally managed portfolios. TDAM manages retail mutual fund assets on behalf of more than 1.4 million investors, and TD Mutual Funds is one of the most broadly diversified fund families in Canada. Newton Capital Management will become portfolio adviser to the TD Global Select Fund. The mandate is the largest subadvisory assignment for Newton in Canada.

Newton has been managing global mandates for 30 years and applies a single portfolio approach to running global equity portfolios. The mandate will be managed by members of the global equity team at Newton.

Over 75% of Newton's mandates are globally invested with over $20 billion in global equity mandates.

Commenting on the appointment, Helena Morrissey, Chief Executive Officer of Newton said: "The appointment by TD Asset Management validates the appeal of Newton's global thematic approach to investing and underscores our success in accessing the Canadian marketplace. It expands our Canadian client base to include one of the most broadly diversified fund families in Canada.

"Our 30 year track record of global investing and critical mass in terms of our existing client base is a strong attraction for Canadian investors. Our business in North America has grown from around $500 million in 2006 to over $2.5 billion today, and we are delighted to be continuing to build this solid footprint."

Newton's appointment by Canadian TD Asset Management follows its recent win of a new global equity mandate for Colorado Public Employees' Retirement Association (PERA), the public pension fund for more than 400 government agencies and public entities in the State of Colorado. The mandate was the first state pension fund appointment for Newton since it launched its U.S. business in 2006.