By Matt Grossman

TD Asset Management Inc. on Thursday said it has launched two mutual funds that will emphasize investments compatible with global sustainability.

One of the new funds is focused on North American equities, and the other will include North American stocks and bonds, said the investment company, a subsidiary of Canada's TD Bank Group.

Both funds will make allocation decisions based on financial analysis as well as a consideration of investments' compatibility with the United Nations' sustainable-development goals, the company said.

The funds will aim to meet demand among Canadians for investing strategies that include environmental, social and governance factors, said TD Asset Management Chief Investment Officer Robert Vanderhooft.

Write to Matt Grossman at matt.grossman@wsj.com