January 6, 2011 / 10:25 PM / 7 years ago

UPDATE 1-TD Asset Management posts higher sequential Dec sales

* Says total net sales for Dec up 135 pct to C$129 mln

* Assets invested in TD MFs touch C$60 bln at Dec. 30

    Jan 6 (Reuters) - Canada’s TD Asset Management Inc said net sales in December more than doubled sequentially as assets invested in TD Mutual Funds touched a high of C$60 billion ($60.24 billion) at the end of the month.

    The investment management division of Toronto-Dominion Bank (TD.TO) said total net sales for December clocked C$129 million from Nov. 30.

    Long-term fund net sales fell 31 percent to C$251 million, while money market fund net redemptions more than halved to C$122 million from Nov. 30, the company said in a statement. ($1=.9960 Canadian Dollar) (Reporting by Abhiram Nandakumar in Bangalore; Editing by Unnikrishnan Nair)

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