TORONTO, Sept. 26, 2016 /CNW/ - Excel Funds Management Inc. (the "Manager") today announced that as a result of its annual review of the investment risk level of the Excel China Fund (the "Fund"), the Manager has determined that the investment risk level of Fund has changed from "Medium-to-High" to "High". The Manager determines the risk rating for the Fund in accordance with the methodology recommended by The Investment Funds Institute of Canada.
This change will be reflected in the simplified prospectus of the Fund, which will be filed with Canadian securities regulators in connection with the Funds' 2016 annual renewal.
The investment objectives and strategies of the Fund will not change as a result of this change.
About Excel Funds Management Inc.
Excel Funds Management Inc. 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 fund in Canada, Excel Funds Management Inc. has been a Canadian leader in emerging market-focused mutual funds by offering a wide-range of innovative mutual funds that capture new growth opportunities.
Through its network of sub-advisors, Excel Funds Management Inc. has access to the knowledge base of over 200 local portfolio managers and analysts around the world. Its on-the ground sub-advisors, proprietary asset allocation model and best-in-class portfolio managers contribute to the firm being recognized as "The Authority in Emerging Markets" in Canada.
For further information, please contact your financial advisor, call our investor relations line at 1‐888‐813‐9813 or visit our website at www.excelfunds.com.
SOURCE Excel Funds Management Inc.
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