Why Excel Latin America Fund?
Latin American markets have outperformed developed markets in recent years, largely in part due to sound macroeconomic policies, efficient deployment of capital, competitive environments, and higher levels of corporate governance. Following recent market declines, the valuations for this region are particularly compelling for long-term investors looking to benefit from the tremendous growth opportunities of this region. The "new Latin America" middle class is growing and as a result new companies are spawning to service it. Globally competitiveness has enabled Latin American companies to begin expanding abroad, and thanks to the success of democratic institutions at long last establishing their authority, large corporations and fund managers are being drawn to investing in Latin America for the long term.
- The Excel Latin America Fund provides investors access to highly esteemed, successful Portfolio Managers Banco Itaú.
- Banco Itaú is the largest financial institution in Latin America by market capitalization, with more that 24 million clients spread across 3,600 branches and total assets of US$208.7 billion.
- Banco Itaú has been rewarded the title of "Best Brazilian Bank" numerous times this decade by Euromoney, Latin Finance, The Banker, and global Finance. Banco Itaú is listed on Fortune magazine's top 500 corporations.
- Itaú Securities (Brokerage House) has the largest research coverage in Brazil with 66 analysts covering over 150 companies. Itaú Asset Management was voted the "Best Equity Fund Manager" in Brazil by Valorlnveste/S&P from 2004 to 2008.