TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, on Thursday announced its plans to terminate operations of the TD Asian Growth Class due to a low number of unitholders.

Effective today, the fund is closed to additional purchases, including pre-authorized contribution plans, and will be terminated on or about Aug. 10.

Unitholders may redeem or switch their holdings in the terminating fund for settlement on, or prior to, the termination date. As at Aug. 10, 2017, TDAM will liquidate the holdings of the terminating fund at fair market value, determine distributions and distribute the net assets to unitholders.