Two Emerging Market Funds in Top 10 2014 Performers in Canada

Two emerging market funds offered by Excel Funds Management Inc. – the Excel India Fund, Series F, with a total return of 54.2%, and the Excel Chindia Fund, Series F, with a total return of 32.7%, were number 1 and number 10, respectively, for the 1-year period ending December 31, 2014 based on Morningstar Canada data.

In a press release issued by Excel, President and CEO Bhim D. Asdhir, sated: “We are thrilled that two of our funds were in the top 10, outperforming more than 4,000 other mutual funds in Canada.” He added: “This outstanding achievement attests to the quality of our portfolio management teams which is undeniably among the best in the world.”

The Excel India Fund, the largest and longest-running mutual fund in Canada solely focused on investing in India, is managed by Excel Investment Counsel Inc. (“EIC”) and Birla Sun Life AMC Limited.

The Excel Chindia Fund is managed by EIC and invests primarily in units of the Excel India Fund and Excel China Fund, which is managed by EIC and sub-advised by Baring International Investment Limited, Baring Asset Management (Asia) Limited and China Asset Management Company Limited.

Asdhir anticipates that both the Excel India Fund and the Excel Chindia Fund are likely to continue their outperformance in 2015. “The Indian economy is expected to grow at a rate of approximately 7% to 8% in a couple of years, more than twice as fast as the global economy. On the other hand, while growth in China will moderate, it will remain the fastest growing major economy in the world in 2015.”

Dwarka Lakhan

Dwarka Lakhan is a pioneer in emerging markets journalism in Canada. His first emerging markets article, “Africa Joins Ranks of the Emerging,” appeared in Investment Executive, Canada’s leading newspaper for financial advisors, in September 1994. Since then he has written hundreds of articles on the full spectrum of emerging markets and has conducted more than two thousand interviews with emerging and frontier markets investment professionals.

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