Excel Funds Management Inc.

Excel Funds Management Inc.

November 18, 2009 09:00 ET

Excel Funds Management Inc. Announces Portfolio Manager Change

TORONTO, ONTARIO--(Marketwire - Nov. 18, 2009) - Excel Funds Management Inc. ("Excel Funds") announced today Excel Investment Counsel Inc. ("EIC") the portfolio management affiliate of Excel Funds will replace Toron Capital Markets Inc. as portfolio manager of the Excel Income and Growth Fund effective December 7, 2009.

Mr. Paul Mesburis, Senior Portfolio Manager and Chief Compliance Officer at EIC will assume portfolio management responsibilities for the Excel Income and Growth Fund. Mr. Mesburis has over 15 years of capital markets experience, and has been managing investment portfolios since 2005. Mr. Mesburis has previously served as Vice President and Portfolio Manager at a Canadian-based asset management company. He earned his MBA from the Schulich School of Business at York University and a B.A. from the University of Toronto. Mr. Mesburis is a Chartered Accountant (Ontario) and CFA charterholder.

Mr. Mesburis and his team are dedicated to providing the portfolio management coverage and the quality of investment management service that has been the cornerstone of Excel Funds' strategy.

ABOUT EXCEL FUNDS MANAGEMENT INC.

Founded in 1996, Excel Funds is a specialized fund management company that focuses on investment opportunities in emerging markets. Excel Funds manages highly ranked and award-winning mutual funds including Excel BRIC Fund, Excel China Fund, Excel India Fund, Excel Chindia Fund, Excel Income and Growth Fund, Excel Emerging Europe Fund, Excel Money Market Fund, Excel Latin America Fund and Excel India Trust (EXI.UN), a TSX-listed closed-end fund.

For further information about these mutual funds, please contact Tessa Boyce, National Sales Manager, Excel Funds 1-888-813-9813, visit our website at www.excelfunds.com or contact your financial advisor.

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