TORONTO, Feb. 17, 2016 /CNW/ - Excel Funds Management Inc. (the "Manager") is pleased to announce that it has, after obtaining the requisite unitholder and regulatory approvals, completed the merger of Excel BRIC Fund into Excel Emerging Markets Fund, effective February 17, 2016.
Unitholders of each series of the Excel BRIC Fund have received securities of the equivalent series of the Excel Emerging Markets Fund, determined on a dollar-for-dollar basis. The Excel BRIC Fund will be wound up as soon as possible following the merger.
The Manager looks forward to continuing to serve the interests of unitholders of the Excel Emerging Markets Fund.
About Excel Emerging Markets Fund
The Excel Emerging Markets Fund's investment objectives are to seek long-term capital appreciation by investing primarily, directly or indirectly, in equity and debt securities issued by companies located in any of the emerging markets throughout the world. The Excel Emerging Markets Fund may also invest in equity and debt securities of companies located anywhere in the world that are expected to benefit from the economies of the emerging markets.
About Excel Funds Management Inc.
The Manager is a multiple Lipper Award winner specializing in emerging markets. Founded in 1998 with the launch of the Excel India Fund, the largest and longest running India-focused mutual fund in Canada, the Manager has been a Canadian leader in emerging market-focused mutual funds by offering a wide-range of innovative investment funds that capture new growth opportunities.
Through its network of sub-advisors, the Manager has access to the knowledge base of over 500 local portfolio managers and 200 analysts around the world. Its on-the-ground sub-advisors and proprietary asset allocation model contribute to the firm being "The Authority in Emerging Markets" in Canada.
For further information, please contact your financial advisor, call our investor relations line at 18888139813 or visit our website at www.excelfunds.com.
SOURCE Excel Funds Management Inc.
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