TORONTO, May 16, 2017 /CNW/ - Excel Funds Management Inc. is pleased to announce its entry into the Canadian exchange traded fund market with the launch of Excel Global Balanced Asset Allocation ETF ("EXGB") and Excel Global Growth Asset Allocation ETF ("EXGG").
EXGB will seek a conservative return over a rolling two to three-year period with controlled volatility by investing, on a direct or indirect basis, in globally listed exchange-traded funds and equity and fixed income securities, regardless of the prevailing market environment.
EXGG will seek a superior total return over a rolling three to five-year period with controlled volatility by investing, on a direct or indirect basis, in globally listed exchange-traded funds and equity and fixed income securities.
EXGB and EXGG have each closed the offering of their initial units and each will begin trading tomorrow morning on the Toronto Stock Exchange in Canadian dollars under the ticker symbols "EXGB" and "EXGG", respectively.
About Excel Funds Management Inc. (www.excelfunds.com)
Founded in 1998, Excel Funds Management Inc. offers an award-winning suite of funds, catering to a broad range of investor profiles and objectives. Leveraging a global network of over 500 portfolio managers and 200 research analysts, Excel Funds' team has firsthand knowledge of the markets in which they invest providing it with a true competitive advantage.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Excel Funds Management Inc. undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.
SOURCE Excel Funds Management Inc.