(TORONTO: January 26, 2017) – Excel Funds Management Inc. (“Excel Funds”) is proud to announce that its flagship fixed-income product, the Excel High Income Fund, is the recipient of a 2016 FundGrade A+ Award. The FundGrade A+ Award is presented annually to Canadian investment funds and their managers who have shown consistent, outstanding, risk-adjusted performance throughout an entire calendar year.
“This award is yet another testament to the strength of our portfolio management team and their overall investment approach,” said Bhim D. Asdhir, President and CEO of Excel Funds, speaking at the annual FundGrade A+ Awards ceremony held at the Art Gallery of Ontario. “Throughout the past year, the Excel High Income Fund has been recognized each month for outperforming its peers; and to be presented with this A+ Award from Fundata, following a year that was filled with so many surprises for global investors, is really an impressive feat.”
Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The FundGrade A+ Award is a mark of true distinction and readily identifiable by advisors and their clients as a symbol of excellence within the Canadian fund universe.
The Excel High Income Fund targets attractive total returns comprised of interest income and capital gains by investing primarily in high-quality emerging market bonds and currencies. The fund has a monthly distributable yield, at an annualized rate of 5.8 percent.1 In addition to being a FundGrade A+ Award recipient, the Excel High Income Fund also has an overall 5-star rating from Morningstar Canada. The lead portfolio manager of the fund is Sergei Strigo, Head of Emerging Market Debt and Currency at Amundi Asset Management (“Amundi”). Amundi is one of the largest money managers in Europe, with approximately US$1.3 trillion in total assets, US$550 billion of which is invested in fixed-income. 2
“When you look at the Canadian marketplace, the Excel High Income Fund is a very unique offering compared to other fixed-income products that are available. The fund actively invests in three distinct asset classes: hard currency bonds, local currency bonds, as well as emerging market forex. This creates a wide scope for employing an active approach, providing diversification and generating greater yields -- which is ultimately our target,” notes Mr. Strigo. “Overall, we believe that based on the fundamentals, there is room for Canadian investors to consider allocating more funds to the emerging markets, and this fund is a great investment vehicle with which to do so.”
To learn more about the Excel High Income Fund click here.
1 Excel Investment Counsel Inc. information, as at December 31, 2016.
2 Amundi Asset Management information, as at December 31, 2016.
The FundGrade A+ rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The FundGrade A+ rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.
Morningstar Five Star Rating Disclaimer for the Excel High Income Fund (Series “A” and “F”) - Overall Rating. © 2017 Morningstar Research Inc. All rights reserved. The information contained herein: (i) is proprietary to Morningstar and/or its content providers; (ii) may not be copied or distributed; and (iii) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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