Ranks No.1 in the High Yield Fixed Income Category
TORONTO, Feb. 11, 2015 /CNW/ - Excel Funds Management Inc. ("Excel") is pleased to announce that the Excel High Income Fund series A (the "Fund") has received the 5-star Morningstar Canada ("Morningstar") rating, the highest possible rating awarded to a mutual fund.
The Fund is also ranked No. 1 by Morningstar in the high yield fixed income category for the period ending January 31, 2015.
"The 5-star rating is indicative of the depth, breadth and diligent investment process of the Fund's management team, which is committed to providing the highest possible risk-adjusted returns to investors" says Bhim D. Asdhir, President and CEO of Excel.
The Fund is sub-advised by Amundi S.A., one of the largest asset managers in the world with approximately US $1.1 trillion in assets under management.
"The Fund invests in a diversified portfolio of investment grade sovereign and corporate emerging markets bonds and provides an annual income distribution of approximately 6%, compared to less than 2% for Government of Canada bonds, making it an ideal solution for investors seeking higher yields and portfolio diversification", claims Asdhir.
David Kunselman, senior portfolio manager, Excel Investment Counsel Inc., says "it is important to recognize that the Fund offers substantially higher yields while investing in investment grade bonds." He contends that "emerging markets bonds have evolved from a high yielding niche asset class into a fully integrated sector of the global bond markets" – which is becoming increasingly attractive to discerning investors.
About Excel Funds
Established in 1998, Excel offers the widest selection of emerging markets funds to Canadian investors. Through its network of sub-advisors, Excel has access to over 200 local portfolio managers and analysts around the world. Excel's on-the ground sub-advisors, proprietary asset allocation model and best-in-class portfolio managers contribute to the firm being recognized as "Your Authority in Emerging Markets" in Canada.
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Certain statements in this press release may be viewed as forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, intentions, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "plans", "estimates" or "intends" (or negative or grammatical variations thereof), or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements including as a result of changes in the general economic and political environment, changes in applicable legislation, and the performance of the mutual fund after completion of the merger. Actual events or results may differ materially from such forward-looking statements as a result of risks facing the mutual fund, most of which are beyond the control of the mutual fund. There are no assurances that the mutual fund can fulfill such forward-looking statements and the mutual fund does not undertake any obligation to update such statements.
SOURCE Excel Funds Management Inc.
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