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Excel launches Bric Fund
Wednesday November 4 2009
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Excel Funds has launched the Excel Bric Fund, bringing investors some of the fastest growing economies in the world - Brazil, Russia, India and China.
The Excel Bric Fund provides investors a simple one-fund solution by combining four existing Excel Funds that have proven investment track records. Tactical asset allocation between the four funds is optimized through quarterly rebalancing with the use of Excel's proprietary quantitative model, and judgmental overlay is provided by Excel's asset allocation committee.
The four Excel Funds are sub-advised by Excel's roster of leading asset managers that are situated in the local markets where they invest: Baring Asset Management (Asia) Ltd in Hong Kong, China managing the Excel China Fund; Birla Sun Life AMC Ltd in Mumbai, India managing the Excel India Fund; Banco Itau - Unibanco in Sao Paulo, Brazil managing the Excel Latin America Fund; and Baring International Investment Limited in London, England managing the Excel Emerging Europe Fund.
"The BRIC nations represent more than 40 per cent of the world's population and are among the fastest growing economies," says President and CEO Bhim D. Asdhir. "Yet, on the whole, Canadian investors have less than 1 per cent of their investment portfolios invested in these economies.
"These markets are too big to ignore, as the combined GDP of the Bric nations now exceed the GDP of the United States of America," Asdhir adds.
Four of the world's fastest growing economies of this past decade are represented by these countries which are projected to grow into economic superpowers over the next two decades, according to research by Goldman Sachs.
China, India, Brazil and Russia, along with the European Union (EU5) and the United States, are predicted to be in the top six spots, when ranked by GDP by 2050 according to Goldman Sachs.
For further details about these mutual funds, call 1-888-813-9813 or visit
www.excelfunds.com
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