- High Yield Investment Grade Bonds
The Excel High Income Fund provides access to a diversified portfolio of sovereign and corporate emerging market (“EM”) bonds in both local and U.S. currency. It provides an annual income distribution of approximately 5.7%, paid monthly, which is significantly higher than the yields provided by Canadian sovereign and corporate bonds with a similar credit rating.
- Portfolio Diversification
EM bonds have a low correlation to other asset classes, representing a significant opportunity for portfolio diversification, volatility and risk reduction, and enhanced long-term returns. The EM fixed income also offers diversification in terms of geography, credit quality, duration, and currency exposure.
- World Class Manager
The Excel High Income Fund is actively managed by Excel Investment Counsel Inc. and Amundi S.A.. With approximately USD $1 trillion in AUM worldwide, Amundi S.A. is a leading European asset manager and is one of the top 10 asset managers in the world. Amundi S.A. is also a global leader in the fixed income sphere with approximately USD $690 billion in AUM.
AUM figures as of March 31, 2015 ￼