Overview
The investment objective of the Excel BRIC Fund is to seek long-term capital appreciation by investing primarily in other mutual funds to gain exposure to equity and debt securities issues by companies based in Brazil, Russia, India and China (including Hong Kong and Taiwan) ("BRIC Countries") and, to a lesser extent, in other emerging markets. Excel BRIC Fund may also invest in equity and debt securities of companies located anywhere in the world that are expected to benefit from the economies of BRIC Countries or other emerging markets.
Fund Details
| Inception Date |
Nov. 2, 2009 |
| Min. Initial Investment |
$500 |
| •Deferred Sales Charge |
$500 |
| •Low Load Sales Charge |
$2,500 |
| •F Series |
$2,500 |
| Min. Sub. Investment |
$50 |
| •F Series |
$1,000 |
| Fund Category |
Emerging Markets Equity |
| Asset Class |
Equity |
| Management Fee |
2.50% |
| •F Series |
1.50% |
| 100% RRSP and TFSA eligible |
Yes |
Portfolio Advisors
Excel Funds has retained Excel Investment Counsel Inc. to act as portfolio manager. Excel Investment Counsel Inc. is responsible for the day-to-day portfolio management activities of this fund.
Paul Mesburis is the Senior Portfolio Manager and Chief Compliance Officer of Excel Investment Counsel Inc., and has more than 15 years of investment experience. On the buy-side, his previous roles have included Portfolio Manager of an equity mutual fund focusing on Canadian and US equities. On the sell-side, his investment experience includes investment banking, M&A and institutional equity research. Mr. Mesburis is a Chartered Accountant (Ontario) and a Chartered Financial Analyst. He earned his MBA from the Schulich School of Business at York University and a B.A. from the University of Toronto. |
|
 |
|
Fund Codes
| Load Type |
CAD$ |
US$ |
| Front End Sales Charge |
EXL 108 |
EXL 818 |
| Deferred Sales Charge |
EXL 208 |
EXL 828 |
| Low Load Sales Charge |
EXL 308 |
EXL 838 |
| "F Series" |
EXL 608 |
n/a |
View detailed listing of Fund Codes (PDF)
Investment Strategy
To achieve its investment objective, Excel BRIC Fund may invest up to 100% of its assets in mutual funds which, in turn, invest primarily in equity and debt securities issued by companies based in BRIC Countries or other emerging market countries. Excel BRIC Fund may also invest directly in equity and/or debt securities of a company located anywhere in the world which, in the opinion of the portfolio advisor, has significant business or investment connections to a BRIC Country or other emerging market.
In order to gain exposure to the economies of BRIC Countries and other emerging markets on cost effective basis, it is expected that the Excel BRIC Fund will be primarily invested in units of the Excel Latin America Fund, Excel Emerging Europe Fund, Excel India Fund and the Excel China Fund. Each of these other Funds are also managed by Excel Funds.
While the portfolio advisor will strive to strategically allocate Excel BRIC Fund's investment exposure across BRIC Countries and other emerging markets in a diversified manner, the portfolio advisor may concentrate the Fund's investments in a particular BRIC Country or in another emerging market country depending upon prevailing market conditions and available investment opportunities.
The Fund may invest in derivatives like options, futures and forward contracts for hedging purposes as permitted by Canadian securities regulators. Derivatives may also be used by the Fund for non hedging purposes such as to gain exposure to individual stocks or to seek to enhance returns. Under adverse market, economic or political conditions or for other considerations, Excel BRIC Fund may also invest its assets in cash, cash equivalents (in any currency) or short-term fixed income securities for defensive or other purposes. |