The Dollar is Our Currency, but It’s Your Problem
We explain the four reasons why we expect a weaker dollar – currently overvalued USD, over-ownership by foreign investors, unsustainable imbalances for the U.S. and the administration's goals - and discuss the implications for the CNY, bond yields, sectors and investors.
Spotlight: Dividend Focused Strategies in Uncertain Markets
We discuss a few of the forces driving market uncertainty – interest rates, tariffs and inflation – and how the lower volatility offered by some dividend focused strategies might be attractive in the current market environment.
AI Eats World: Five Themes for 2025
To demonstrate the acceleration of the pace of progress in AI, this paper discusses five of the most important AI themes in play today: physical AI, China’s ascending capabilities, Trump’s tech agenda, agentic AI and open-source models.
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The Dollar is Our Currency, but It’s Your Problem
August 18, 2025 - 25 min read
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Dividend Focused Strategies in Uncertain Markets
July 31, 2025 - 10 min read
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AI Eats World: Five Themes for 2025
July 2, 2025 - 25 min read
Welcome to TD Global Investment Solutions
Explore what's possible together
TD Global Investment Solutions (TDGIS) represents the institutional asset management businesses of TD Bank Group (TD) - TD Asset Management Inc. (TDAM) and Epoch Investment Partners, Inc. (TD Epoch). We offer investment solutions to corporations, pension plans, endowments and foundations, insurance companies, sovereign wealth funds, and superannuation, among others. We strive to better understand our client's needs and offer solutions to meet those needs using our broad expertise across alternative investments, equities and fixed income. Our independent investment teams maintain their own investment philosophies, giving TDGIS diversity of thought.
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Investment InsightsOctober 06 2016
Epoch's investment philosophy focuses on free cash flow rather than on earnings. In this paper, we address two questions: 1) Why does free cash flow matter more than earnings in determining the value of a business, and 2) Do free-cash-flow metrics help investors identify stocks that outperform the market?
Thought leadership29 min readWilliam W. Priest, CFA, Executive Chairman, Co-Chief Investment Officer and Portfolio Manager, TD Epoch; Kevin Hebner, PhD, Managing Director, Global Portfolio Management, TD Epoch