Excel Funds Management Inc.

Excel Funds Management Inc.
Excel China Fund

October 15, 2008 14:43 ET

Excel Funds Management Inc. Announces Portfolio Manager and Sub-Adviser Change for Excel China Fund

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2008) - Excel Funds Management Inc. is today announcing a change in both the portfolio manager and sub-advisor for the Excel China Fund. Baring Asset Management Inc. ("Barings") will become both the portfolio manager and sub-advisor to the Excel China Fund, replacing Hamon Asset Management Limited, a subsidiary of the Hamon Investment Group, as sub-advisor's and Toron Capital Markets Inc. as portfolio managers. This appointment will become effective in or around December 2008.

Headquartered in London, England, with local offices around the world, Barings offers proven performance sustainability as managers of one of the longest running, award winning Hong Kong/China Funds. Focused on identifying and exploiting unrecognized growth opportunities, Barings has been managing investments in the emerging markets since 1975. Baring's portfolio managers apply both a top-down and bottom-up stock selection process and utilize a dedicated team as part of a comprehensive four stage investment process involving: idea generation, extensive research, portfolio construction, and implementation.

Michael Brown, President and CAO of Barings North America said, "We are pleased to be expanding our existing relationship with Excel Funds to include this mandate. Our Greater China investment team is based locally in Hong Kong. The team aims to deliver the majority of our returns through active stock picking by seeking companies with the potential to deliver better than expected earnings growth and also applying high degree of emphasis on both fundamental analysis and company visits. The team also has the advantage of drawing on the expertise of our global sector teams based in offices in Tokyo and London to determine macroeconomic themes and emerging trends."

"With a more than 26 year track record in Hong Kong/China managing USD$4.7 billion AUM (as at Aug 31, 2008), Barings on-the-ground Asian investment team clearly understands the economic cycles of the fast-moving markets of this region and employs the most effective strategy to maximize growth for the long term investor. Collaborating with Barings on the Excel China Fund will provide the level of market insight and expertise that our investors have come to expect from the authority on emerging markets." said Bhim D. Asdhir, President and CEO of Excel Funds Management.

About Baring Asset Management

Baring Asset Management is a global investment management firm with offices, clients and business lines spanning the world's major markets. We provide asset management services in developed and emerging equity and bond markets on behalf of institutional, retail and private clients worldwide. For more information on Baring Asset Management, please visit their website at www.barings.com.

About Excel Funds Management Inc.

Founded in 1998, Excel Funds is a specialized fund management company that focuses exclusively on investment opportunities in emerging markets. The authority in emerging markets, Excel Funds also manages the Excel India Fund, Excel China Fund, Excel Chindia Fund, Excel Income and Growth Fund, Excel Money Market Fund and the Excel Emerging Europe Fund. For more information on Excel Funds Management Inc., please visit our website at www.excelfunds.com.

Contact Information

  • Excel Funds Management Inc.
    Jessica McInnis
    Marketing Manager
    Website: www.excelfunds.com