Excel Funds Management Inc.

Excel Funds Management Inc.

December 06, 2007 10:00 ET

Excel Funds Launches Two New Mutual Funds

Excel Emerging Europe Fund and Excel Money Market Fund

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2007) - Excel Funds Management Inc. ("Excel Funds") is pleased to announce the launch of the Excel Emerging Europe Fund and the Excel Money Market Fund. Excel Funds received necessary regulatory approval on December 4, 2007 to begin distribution of these funds which are now available all across Canada through financial advisors, brokers and dealers.

Excel Emerging Europe Fund

The investment objective of the Excel Emerging Europe Fund is to seek long-term capital appreciation by investing primarily in equity securities of companies located in or otherwise benefiting from the emerging markets of Europe. Such markets could include, but are not limited to, Russia, Turkey, Poland, Austria, Hungary, Romania, Slovakia, Czech Republic, Croatia, Estonia and Ukraine.

The portfolio manager for the Excel Emerging Europe Fund is Baring Asset Management Limited ("Baring") based in London, UK. Managing investments in the emerging market sector since 1975, Baring was among the first investment managers to capitalize on the investment opportunities situated in the emerging markets of Europe. Baring's portfolio managers apply a top-down country allocation and bottom-up stock selection process and utilize a dedicated team as part of a comprehensive four stage investment process involving: ideas generation, extensive research, portfolio construction and implementation.

"Rich in natural resources, the countries of Eastern Europe are experiencing rapid economic growth and are becoming an attractive long-term investment opportunity," says Bhim D. Asdhir, President and Chief Executive Officer Excel Funds Management Inc.

Excel Money Market Fund

The Excel Money Market Fund invests in Canadian money market instruments and fixed income securities issued or guaranteed by governmental agencies, obligations of financial institutions and commercial paper and high quality obligations of companies. The Fund may also invest in foreign securities.

About Excel Funds

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 the Excel India Fund, Excel China Fund, Excel Chindia Fund, Excel Income and Growth Fund and a TSX-listed closed-end fund, Excel India Trust (EXI.UN).

Excel Funds is hosting a conference call on opportunities in the emerging markets of Europe with Dr. Ghadir Abu Leil-Cooper, head portfolio manager of Baring Asset Management Inc., London, UK on December 11th at 11AM. Local dial in numbers are 416-695-7806 or toll free 888-789-9572.

Commissions, trailing commissions, management fees are expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the simplified prospectus before investing.

Contact Information

  • Excel Funds Management Inc.
    Ms. Farhana Dosani
    Investor Relations
    Website: www.excelfunds.com