MISSISSAUGA, ON, Jan. 10, 2014 /CNW/ - Excel Funds Management Inc. today announced that China Asset Management Co., Ltd. has been appointed as a sub-advisor to manage a minority portion of the assets of Excel China Fund, effective on or about February 1, 2014. Baring International Investment Limited (London, England) and Baring Asset Management (Asia) Limited (Hong Kong) continue as sub-advisors to the remaining assets of the Fund. The investment objective and investment strategies of the Fund remain unchanged.
Established in 1998, China Asset Management Co., Ltd. ("China AMC") is one of the initial nation-wide fund management companies approved by the China Securities Regulatory Commission (CSRC). China AMC is also the largest asset manager in China with total assets under management of more than US$56 billion as at June 30, 2013. It provides services to both domestic and foreign clients in equity and fixed income markets, and has a wide client base consisting of more than 200 institutional investors and 16 million retail investors.
In addition to being a leading institutional asset manager China AMC is the eminent corporate pension manager in China. China AMC is also a leader in the Qualified Foreign Institutional Investor business in China, managing assets of US$1.4 billion as at June 30, 2013 for central banks, sovereign wealth funds, government pensions and asset managers from around the globe.
About Excel China Fund
The Excel China Fund seeks long-term superior growth of capital by investing the majority of its assets in equity securities of companies located in China, Hong Kong, Taiwan and other Far East countries.
About Excel Funds Management Inc.
Excel Funds Management Inc. (Excel Funds) is a multiple Lipper Award winning company, and Canada's only emerging markets focused mutual fund provider. Pioneering emerging markets investing over 15 years ago, Excel Funds has been partnering exclusively with best in class, on-the-ground portfolio managers that bring Canadian investors firsthand insight and expertise in these flourishing economies. Excel Funds has the broadest product breadth covering emerging markets and through these, investors gain early exposure to companies positioned to become future leaders in some of the world's fastest growing markets.
SOURCE: Excel Funds Management Inc.
For further information: For all news media enquiries please contact: Grant Patterson, Chief Compliance Officer, 905-624-7703, www.excelfunds.com