Invest Alongside the Best Business Minds in the World
TORONTO, Oct. 8, 2015 /CNW/ - Excel Funds Management Inc. (the "Manager") is excited to announce the launch of the Excel Billionaire Leaders Fund (the "Billionaires Fund"), a unique fund that invests in companies that are owned by billionaires – a rare group of individuals regarded as the best creators of wealth.
"The Billionaires Fund is the only fund of its kind available in Canada. We believe that billionaire-owned businesses have visionary leaders who have had great success in wealth creation," says Bhim D. Asdhir, President & CEO of Excel Funds. "That's why I believe the Billionaires Fund will create wealth for our clients."
Eric Valderrama, Senior Vice President, National Sales at Excel Funds, states that, "With over 40,000 publically traded stocks in the world, we wanted to create a pool of the absolute best business minds in the world where the billionaire has a significant personal ownership position."
The Billionaires Fund will have a global mandate and will invest in 40 to 50 billionaire-owned companies that have a sustainable competitive advantage in their respective sectors. The fund will strive to preserve the wealth of its investors, with a focus on long-term capital appreciation and will be managed by Excel Investment Counsel Inc. (EIC), using disciplined stock selection criteria to invest in companies which have high growth potential and pricing power.
Giving us a window into the portfolio managers investment process, Christine Tan, Senior Portfolio Manager at EIC says, "In the stock selection process, our team looks for billionaire-owned businesses with free cash flow; solid financial productivity as measured by return on equity, return on assets, and return on invested capital; scalable business models and superior earnings per share growth, that are trading at less than intrinsic value."
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 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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