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Listen to Christine Tan, Portfolio Manager, Excel Investment Counsel speak with BNN about new opportunities to invest in China. On November 17th, Shanghai and Hong Kong will ease restrictions between their respective stock exchanges, providing access to nearly 600 Shanghai-listed stocks which were previously unavailable to foreign investors. Link: http://www.bnn.ca/News/2014/11/10/Investing-In-China-becomes-a-game-changer.aspx
Two Indian firms, Reliance Industries and Oil & Natural Gas Corporation (ONGC), were ranked in the top 30 in Transparency International’s latest report, Transparency in Corporate Reporting. Transparency International, a non-profit organization fighting against corruption and malpractices, ranked Reliance Industries and ONGC 9th and 26th, respectively, after evaluating 124 global companies on various aspects of transparency. The global giants were selected from the Forbes list…
India’s S&P BSE Sensex Index reached an all-time high on November 5 on the back of reports of better-than-estimated corporate earnings. According to data compiled by Bloomberg, more than three-quarters of companies trading on the Sensex, which have so far reported their earnings, have either matched or beaten their estimates. Stocks also rose on speculation that the central bank may reduce interest rates as lower…
In a move to increase its global competitiveness and improve transparency, China is planning to loosen its restrictions on foreign investment. “This is a step in the right direction,” says David Kunselman, Senior Portfolio Manager with Excel Funds Management in Mississauga. “It will facilitate foreign participation in sectors which will benefit the Chinese economy.” The China National Development and Reform Commission (NDRC) plans to cut…
A new Mckinsey report provides a detailed discussion of high potential markets for global businesses looking to benefit from the expected pick up in growth. As shown [to the left], by 2025, the standard of living in several states will mirror that of high- and middle-income countries today. Link: http://www.mckinsey.com/Insights/Asia-Pacific/Understanding_Indias_economic_geography?cid=other-eml-alt-mip-mck-oth-1410
After prior Fed Chairman Bernanke first mentioned tapering of the Fed’s asset purchase program in May 2013, we finally saw the end of the program on October 29. Since the end was so well-telegraphed and expected, EM bonds and equities actually rallied that night. We welcome the end of the multi-year QE program as it indicates an improved US outlook, which is unequivocally positive for…
One could almost consider India and Japan to be mirror images of each other. India is a young country with tremendous infrastructure spending needs, rapidly increasing domestic consumption and low but rapidly growing savings. Conversely, Japan is a mature country with extensive infrastructure, low domestic consumption growth and very high savings balance. The attached special report explains how India could benefit from Japan's infrastructure and…
The Brazilian equity market is set to rebound as investors look forward to the long-term opportunity of investing in South America’s largest market. The initial pull-back in the market following the victory by incumbent President Dilma Rousseff was short-lived. “The equity markets initially sold off over 4% in early trading on October 27 after a very close weekend election (October 26) but closed only 2.7%…
Indian Prime Minister Narendra Modi has delivered on one of his first economic reforms, as promised during his election campaign. Modi and his cabinet have agreed to allow private Indian companies to mine and sell coal. Most of India’s electricity is currently generated by coal and the country has the world’s fifth largest coal reserve. This development is exciting as it will allow India to…
In India, growth has reached a two-year high. Since Raghuram Rajan took reign as the Governor of the Reserve Bank of India in September, 2013, the rupee gained about 10% against the US dollar and inflation has fallen by over two per cent. Recently awarded the Euromoney’s Central Bank Governor of the year, Rajan, alongside the new reformist Prime Minister Narendra Modi, is expected to…
“Today, over one-third of the world’s GDP and about 70% of the growth come from emerging markets. Emerging markets are growing about three times faster than the developed world and that is where the opportunities are and where the smart money is going” says President and Chief Executive Officer of Excel Funds Management Inc. – Bhim D. Asdhir. Link: http://www.investmentexecutive.com/-/emerging-markets-best-investment-opportunities?
Why is Narendra Modi so popular? “Indian Prime Minister Modi has an incredible track record... as the Chief Minister of the state of Gujarat, Modi put in place reforms; the result was that he boosted the annualized growth to about 10% for the past decade and as Prime Minister, he is now looking to implement similar policies to India.” explains Atul Penkar, Portfolio Manager at…

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