Excel Funds Management Inc. Announces Mutual Fund Risk Rating Change
TORONTO, Sept. 18, 2017 /CNW/ - Excel Funds Management Inc. today announced that the investment risk level of Excel China Fund (the "Fund") has changed from "High" to "Medium-to-High". This change is reflected in the simplified prospectus and fund facts of the Fund dated September 18, 2017.
This change results from compliance with the Canadian Securities Administrators' updated Risk Classification Methodology (December 2016). Previously, the Fund followed a risk classification methodology based on the approach recommended by The Investment Funds Institute of Canada.
No changes have been made to the investment objectives or strategies of the Fund.
About Excel Funds Management Inc.
Excel Funds Management Inc. is a multiple Lipper Award winner specializing in emerging markets. Founded in 1998 with the launch of the Excel India Fund, the largest and longest running India-focused fund in Canada, Excel Funds Management Inc. has been a Canadian leader in emerging market-focused mutual funds by offering a wide range of innovative mutual funds that capture new growth opportunities.
SOURCE Excel Funds Management Inc.
Media Contact: Caroline Grimont, Vice President, Marketing, 905-624-7744, e-mail: [email protected]
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