Excel Funds Management Inc.

Excel Funds Management Inc.

April 30, 2009 15:58 ET

Excel Funds Management Inc. Announces Portfolio Manager Changes

TORONTO, ONTARIO--(Marketwire - April 30, 2009) - Excel Funds Management Inc. ("Excel Funds") announced today that Excel Funds or an affiliate thereof will replace Toron Capital Markets Inc. as portfolio adviser of the following investment funds:

Excel India Fund
Excel Chindia Fund
Excel Latin America Fund
Excel Money Market Fund
Excel India Trust

Excel Funds remains committed to the experience and expertise of the sub-advisers' listed below. These sub-advisers are all situated locally to the markets in which we are invested and will continue to manage the day-to-day management of the funds.

Fund Sub-advisers

Excel India Fund Birla Sun Life AMC Limited
Excel India Trust


Excel China Fund Baring Asset Management Inc.
Excel Emerging Europe Fund


Excel Latin America Fund Banco Itau S.A.


Toron Capital Markets Inc. shall continue to act as portfolio adviser for the Excel India Fund, Excel Chindia Fund, Excel Latin America Fund, Excel Money Market Fund and Excel India Trust until in or around the end of July 2009, at which time it is anticipated that Excel Funds' lead Portfolio Manager Paul Mesburis will take over the responsibilities of portfolio adviser on the aforementioned funds, in conjunction with the respective fund sub-advisers. Toron will continue to act as portfolio adviser for the Excel Income & Growth Fund.

Founded in 1998, Excel Funds is a specialized fund management company that focuses exclusively on investment opportunities in emerging markets. Excel Funds manages highly ranked and award-winning mutual funds including Excel India Fund, Excel China 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. Visit www.excelfunds.com for more information on Excel Funds.

Contact Information

  • Excel Funds Management Inc.
    Colleen Curtis
    Director of Sales and Marketing