The funds will be managed by managing directors David Sykes and Jean Masson, respectively.

TD Asset Management, the manager of TD Mutual Funds, has launched two funds: a US equity fund and a North American small-cap equity fund. The launch of the new funds will offer investors more portfolio diversification options.

These new entities are called the TD US Dividend Growth Fund, which will be managed by managing director David Sykes, and the TD North American Small-Cap Equity Fund, which will be managed by Jean Masson.

The TD US Dividend Growth Fund will will complement TD's existing range of dividend solutions and offer investors exposure to top-tier US companies, the firm has said in a statement.

The TD North American Small-Cap Equity Fund is designed for investors seeking exposure to North American equities with attractive and stable growth potential. It will offer investors access to small- and medium-sized North American companies expected to deliver enhanced, long-term returns. 

"The new TD US Dividend Growth Fund seeks to deliver income and capital growth and is made up of some of the most profitable and distinguished US companies," said Sykes. "Stocks for this fund will be meticulously selected, with a focus on companies that have a sustainable competitive advantage and grow free cash flow. Additionally, the fund's reinvested dividends can act as a portfolio buffer in volatile market conditions. All these qualities can help manage volatility while aiming to maximize performance."

"The TD North American Small-Cap Equity Fund focuses specifically on small-cap stocks from Canada and the US with a proven track record of steady growth, along with companies that have made efficient use of their capital," said Masson. "With a risk-adjusted focus, the fund can provide broad portfolio diversification for investors, while seeking to maximize returns."