Canadians encouraged to look at emerging markets for growth
Bank of Canada Governor Mark Carney highlights emerging market opportunities
TORONTO, April 6, 2012 /CNW/ - Emerging markets are today's fastest growing markets and global economic drivers. In an April 2nd Chamber of Commerce address, Bank of Canada Governor Mark Carney urged Canadian businesses to refocus their strategies towards emerging markets. These high growth economies have a rapidly rising middle class, supported by increasing disposable incomes, which is making these nations an attractive investment for Canadians.
"Since the recession, these economies have accounted for roughly two-thirds of global economic growth and one-half of the growth in global imports", stated Carney about the strong growth in emerging markets. "In a process that can be expected to continue for decades, emerging Asia is rapidly urbanizing. China and India are housing the equivalent of the entire population of Canada every 18 months."
Economic growth and urbanization are forming a large middle class across the BRIC nations. It is expected to rise to 800 million people by 2015, which is larger than the total combined population of the US, Western Europe and Japan. India and China, in particular, have an annual growth of 70 million people and account for a significant share of the fast-rising global demand for consumer goods.
"Emerging markets are underleveraged, have improving fiscal policies, possess strong economic fundamentals, and represent a tremendous growth opportunity," said Bhim D. Asdhir, President and CEO of Excel Funds Management Inc. "Given these attractive valuations, Canadian investors should capitalize on the emerging market growth, and Mr. Carney is guiding them in the right direction."
Emerging markets represent 75% of the world's land mass, over 80% of the world's population, and contribute over 75% of global growth.
For more information, please visit www.excelfunds.com.
About Excel Funds
Excel Funds Management Inc. is a multiple Lipper Award winning company, and Canada's only emerging markets focused mutual fund provider. For over 12 years, we have been partnering exclusively with best in class, on-the-ground portfolio managers that bring Canadian investors firsthand insight and expertise in these flourishing economies. Through our funds, investors gain early exposure to companies positioned to become future leaders in some of the world's fastest growing markets. Excel Funds maintains a highly ranked fund family that is focused on emerging market growth opportunities.
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