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China unveils spending plan to boost economy


The Associated Press is reporting that China is planning to boost spending on infrastructure projects. According to the AP, ­the government in Beijing is planning to earmark an extra 120 billion Yuan¡± or $14.4 Billion US Dollars. Of the areas being allocated government funds, around 70 billion Yuan is intended to improve highways, waterways and docks. The Chinese economy continues to grow by more than 7% annually.


Excel provides Canadian investors with award-winning portfolio management and Funds that can be implemented into virtually any Canadian portfolio.

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Unilever PLC/NV beat growth expectations in 2012, propelled by an increasing presence in emerging markets.

Anglo-Dutch consumer goods company Unilever PLC/NV beat growth expectations in 2012, propelled by an increasing presence in emerging markets.

The company is beating its rivals and a dull economic backdrop by focusing its marketing on the personal and home care sectors, which are skewed more to high-growth regions like Latin America and Asia and grew around 10 per cent in 2012.

That performance contrasts with rivals that have been slower to move into fast-growth regions. Unilever’s main household products rival Procter & Gamble is shedding jobs, and French yogurt maker Danone may do the same as the European economic downturn weighs on its business.

Core operating margin grew to 13.8 per cent in 2012, bettering many analyst predictions, as Unilever said it stayed “rigorous” on driving down costs. Raw material cost rises were expected to be between low and single digits in 2013, Huet said.

Sales for the full year were up 10.5 per cent at €51.3-billion ($68.4-billion U.S.), while core earnings per share rose 11 per cent to €1.57, both in line with forecast.

Unilever represents the growth story of Emerging Markets and why retail investors need exposure to Emerging Markets for growth in their portfolios.

The complex world of investments and business growth expectations have never been so closely correlated as they are today, opportunities that present themselves today are from the emerging market world.


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Remarkable economic transformation in India, China: Bernanke

In what can only be classified as a resounding statement of approval, Federal reserve chairman Ben Bernanke voiced a highly positive opinion on the stewardship going on within the emerging market economies. In a interview with the University of Michigan, broadcast live over twitter late last week, Mr. Bernanke was quoted as saying “you have a variety of different stories, but I think the fundamentals there, in the emerging markets, are pretty good, and even if there’s some moderation of growth in some countries, we are seeing overall a rather remarkable transformation of places like China and India”.


In terms of the slowing GDP figures Chairman Bernanke still believes “growth will proceed in those areas as well, with each country, each region” and attributes the consolidation to a largely growing middle class.


We here at Excel Funds have largely focused on these regions all along, and the recent statements by federal reserve chairman Ben Bernanke only reiterate our positive stance on these areas. We believe Canadian investors can easily participate in these international markets through Excel Funds Management and, along with Ben Bernanke, find these area’s economies extremely positive.

Written by Jack S.


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Latin American’s Happiest In The World ?

The world’s happiest people aren’t in Qatar, the richest country by most measures.

They aren’t in Japan, the nation with the highest life expectancy or Canada, with its chart-topping percentage of college graduates, doesn’t make the top 10.

A poll released Wednesday of nearly 150,000 people around the world says seven of the world’s 10 countries with the most upbeat attitudes are in Latin America.

The reasons why people of Latin America live happier lives while still facing adversities in their own personal lives are vast. The most common denominator found in recent studies is the ability to look beyond immediate problems and live day by day despite immediate problems.

This philosophy is one the resonates with myself personally , I have always been one of the opinion to take a step back before acting emotionally in a time of stress and turmoil.

What most people find by following these principles and confirmed in studies is that issues usually get worked out on their own.

Another interesting discovery in recent studies show that family support being a large reason why people of Latin America are living happier lives. The family structure is very important in these beautiful regions of the world and reinforce unconditional support even in times of adversity.

The fast paced lives that we lead here in North America are continuously pulling us away from daily family interactions and is showing in our stress levels.

I can speak from a personal level remembering as a child always having family dinners on a daily basis, this is not the norm for most households now a days. It is more of a common place to see parents on different work schedules and family “time” is impacted by this. The sense of family and support goes a long way in ones mental state and happiness and this shows in recent studies in Latin America.

When communities and families  are working together at one common goal the results and successes of their efforts are abundantly clear in the global stage.

We are seeing a growing middle class and economies that are flourishing by this work ethic and attitude. As a result  the investment world has taken notice and participating in this great economic story and now maybe just maybe finding out that balance and perspective might just be the winning formula.

Written by Sam A.

Source: Latin Americans happiest people in world: Poll

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Excel Investment Council Update

Currencies this past week:

Mexico rose 1.3% versus USD- stands 12.64

Turkey Lira rose .80% versus USD-Stands at 1.77

Brazil Real rose .70% versus the USD-Stands at 2.03

South African Rand fell .90% versus USD-Stands 8.67


Equity markets of note:

Russia up 2.9%

Mexico up 1.4%

Turkey up 1.0%

Worst performer Bovespa down 3.0%

Sensex was down .50%


Poland cut rates by 25 bp and signaled a possible pause in the cutting cycle. 4.25% now 4.00%

Euro area unemployment rose to an all-time high 11.8% ECP left rates unchanged as expected.

New USD sovereign supply came from Mexico and Turkey, were extremely well received despite weaknesses in US treasury markets.

This week Bank of Thailand and Bank of Indonesia kept policy rates unchanged. The banks mentioned external demand pickup and strong domestic activity.

Bank of Korea also kept rates unchanged. The current president will step down in February after five year term and will be replaced by a female president Park Guen-hye. Therefore, the Bank of Korea will wait until a new government is formed. Growth is expected to be around 3.3% in 2013.

Bank of Japan is talking about easing monetary policy again this month and taking it inflation target to 2%. It might be possible for BOJ to income its 1.2 trillion asset buying and lending program. The bank meets January 20-21st.

Russia inflation rose 6.6% YOY in December. This was up from 6.5% in November. The slightest increase was due to food prices.


This week expect Dec Indian inflation.

Monday: the last number was 7.2% and 7.4% is expected. Friday China GDP for Q4 released forecast 7.8%. Friday China Industrial Production rose 10.2 up from November 10.1%

Friday China Retail Sales 15.0% YOY up from 14.9% Wednesday Brazil will review the Selic rate 7.25% expect no change.

Wednesday, Thursday is the US bank earnings.

Wed, GS, JPM, BNY.

Thursday BAC, C


Record US sales for LATAM corporate bonds

Latin America companies have sold amount of bonds in the US this year as borrowers have sought to tap global investors’ appetite for higher yielding assets. This has pushed total sales to a record 68.4 billion, according to the figures from Dealogic.

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China’s economy to gather steam in 2013

Data is showing that China’s economy should perform well in 2013. The economy is stabilizing with the help of government measures and reforms that have been put in place. Some of the government projects include spending on construction of new highways, ports, railways and sewage networks. The government is planning on spending more than 795 billion US dollars on these projects.


In December 2012 exports were up 14.1% higher than last year. Economic growth is expected to grow by 8.5% this year compared to 7.8% in 2012. China is set for having an exceptional 2013.


Written by Jeff K.

Xinhua. (2013, January 12). China’s economy to gather steam in 2013. China.org.cn. Retrieved January 14, 2013, from http://www.china.org.cn/business/2013-01/12/content_27667724.htm

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Mexico, Chile and Columbia maintained strong growth metrics

The Latin American growth gap, or the rate of growth differential between countries measured by GDP, may have peaked in 2012 according to HSBC analysts.

While Brazil and Argentina showed signs of deceleration, Mexico, Chile and Columbia maintained strong growth metrics.

HSBC says “In the case of Mexico, a virtuous cycle of initiatives by policymakers and investment decisions by firms appears to be emerging. In Brazil, we currently observe the opposite”.

Forecasts for GDP growth in the region come in at “4.8% for Chile, 6.2% for Peru and 4.3% for Colombia”.

Both the Excel Latin America Bond Fund and Excel Latin America (Equity) Fund are two great investment vehicles helping Canadian investors capture the tremendous economic performance opportunity of the Latin American region. With geographic diversification and leading portfolio managers managing an Excel fund we aim to provide investors with both value, strength and expertise.

Written by Jack S.

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