Canada's Only Emerging Market Specialist Excel Funds Introduces Three New
Funds including Two Income Funds
New Income Funds for investors seeking higher yielding solutions through exposure to rapidly developing economies such as Brazil, Russia, India and China and others.
MISSISSAUGA, ON, Nov. 2 /CNW/ - Excel Funds Management, Canada's only specialist in Emerging Markets funds announced three new funds. The two income funds include Excel EM High Income Fund and Excel EM Capital Income Fund. These funds are designed for investors seeking the dramatic growth potential of the Emerging Markets and an income stream. A third new fund, Excel Emerging Markets Fund, is for investors seeking growth through equity exposure to the developing economies.
Excel Funds' world class, "on-the-ground" sub-advisers and their active management approach are key to 12 years of successful investing in Emerging Markets. The new Income Funds are managed by Sergei Strigo, Head of Emerging Market Debt & Currency at Amundi Asset Management. Amundi is the eighth largest asset manager in the world.
"The world has changed. Our Emerging Markets funds offer investors access to high quality companies in some of the world's fastest growing economies." said Bhim Asdhir, President and CEO, Excel Funds Management Inc. "Buy-and-hold does not work anymore. Active on-the ground management is absolutely required in these markets. Emerging Markets provide a high return low risk proposition right now."
"The drivers in Emerging Markets include massive growth in the middle class, economic reform and change, a young demographic, vast natural resources, increasing foreign direct investment, better credit quality and the acceleration of infrastructure spending. Investors should see strong growth." Asdhir added, "The only way managers can be on top of what's happening in their markets is by being on the ground so they can see the market change. Through top-ranked sub-advisers like Amundi Asset Management, we gain an edge and presence and can actively manage our portfolios. Our exclusive agreements with our managers mean we are the only company in Canada that has access to the expertise and experience of these managers."
Senior Portfolio Manager Paul Mesburis of Excel Funds Management subsidiary, Excel Investment Counsel Inc., combines the on-location expertise of Excel Funds' sub-advisers with proprietary quantitative analysis to continuously adjust asset allocation. "We continue to attract and partner with top sub-advisers such as Amundi Asset Management, Birla SunLife AMC Ltd., the major Indian mutual fund company, Baring International Investment Limited; and Itaú - Unibanco, the largest bank in the southern hemisphere. Our sub-advisors have their fingers on the pulse of their markets and the local currency. These currencies are expected to appreciate against the $US providing an extra boost to performance," said Mesburis.
Julie Makepeace, Vice President, Marketing and Sales, Excel Funds Management is excited to be offering the new Excel Funds. "Excel Funds has worked with its extensive client base of financial advisers, to design and deliver innovative mutual funds for Canadian investors that capture new areas of growth and expansion in Emerging Markets," said Makepeace. "As many investors are focused on safety and income, the new Excel EM Income Funds give investors the best of all worlds: an ideal diversification tool, dramatic growth potential, and a tax-efficient income stream."
New funds:
Excel EM High Income Fund - An actively managed, diversified portfolio of sovereign and corporate Emerging Market fixed income instruments issued by corporations, government, or government-related entities. The fund strategy combines fundamental on-the-ground research with quantitative analysis to out perform across a range of market conditions.
Excel EM Capital Income Fund - Designed to generate tax-efficient returns. It provides investors with higher yielding fixed income solution which is also tax-efficient. This fund seeks to generate and pay out a monthly distribution that will be considered as capital gains for tax efficiency.
Excel Emerging Markets Fund - Provides investors with equity exposure to companies based in the rapidly growing economies of Brazil, Russia, India and China (incl. Hong Kong & Taiwan) and other Emerging Markets and to international companies expected to benefit from the Emerging Market economies..
Amundi Asset Management - is the sub-adviser on the new Excel EM High Income and Excel EM Capital Income Fund. Amundi was formed by the combination of the asset management expertise of two major banking groups: Credit Agricole and Societe Generale. With assets under management of approximately Cdn $1 trillion, award-winning Amundi ranks third in Europe and is one of the top ten asset managers worldwide. Amundi has a corporate presence in over 30 countries on five continents and intimate knowledge of virtually every main market and investment region in the world. Individual Canadian investors can only access the investment expertise of Amundi through these new Excel Funds.
About Excel Funds Management - Ontario-based, Excel Funds Management Inc. is the only Canadian mutual fund company that specializes in the Emerging Markets. Excel has, for over twelve years, delivered innovative investment products designed to take advantage of the long-term growth opportunities of Emerging Markets. Through its local, on-the-ground sub-advisers, Excel Funds gains in-depth knowledge of the economic, social, and political nuances of each region. Excel Funds' sub-advisers have won many awards and are ranked among the best performing managers in the world.
Excel Funds offers six other successful Emerging Markets funds, including two which are unavailable elsewhere in Canada: Excel India Fund, Excel China Fund, Excel Chindia Fund (unique in Canada), Excel Emerging Europe Fund (unique in Canada), Excel Latin America Fund and Excel BRIC Fund and two Canadian income funds: Excel Money Market Fund and Excel Income and Growth Fund, For more information visit: www.excelfunds.com
For further information:
Media Contacts: Victoria Ollers, 416-822-2288, [email protected]; Paul Tyler, 905-235-7285, [email protected]; Claire Fiset, 514-992-1368, [email protected].
For information: Bhim Asdhir, President, 416-716-1242, [email protected]; Julie Makepeace, Vice President, Marketing & Sales, 647-309-3532, [email protected].
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