Excel Funds Management Inc.

Emerging Markets


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It looks as though since the rally in domestic securities portfolio managers across the board are less bullish on domestic securities.

The fact of the matter is that Domestic evaluations are within line of expectations and emerging markets represent attractive evaluations on a forward

Basis. I have looked at the Hang Seng VS. TSX and have seen great value and upside in the Hang Seng.


Hang Seng


PE Ratio: 10.55


Forward Basis: 11.02






PE Ratio: 15.3


Forward Basis: 14.08


Canadian managers are most enthusiastic about emerging markets equities, with 62% holding a favorable outlook on the asset class

The evaluations on a forward basis for the Hang Seng in this example provides great value to investors with long term growth horizons.

Fundamentals of EM space is undeniable  with 75% of Global growth coming from EM Space and when by 2030 EM will represent close to

55% of global market cap, no surprise PM’s alike are bullish on this asset class.


As IA’s build portfolios they must keep in mind the opportunities and great evaluations to  have their clients situated for long term growth

Potential in economies that will soon be recognized as the largest in the world.


Written by Sam A.



Author: Excel Funds Management

We Are Leaders. Our Focus is Undivided. Excel Funds is Canada’s specialist in Emerging Market investment opportunities. We pioneered Emerging Market mutual fund design and distribution in Canada. Our focus is undivided – Emerging Markets is all we do. Our Mission Is To Offer Canadians True Global Access By offering Canadians access to rapid growth markets, Excel Funds provides truly global and diverse investment value. Our clients want consistent, responsible and intelligent solutions – we will never stop being challenged and deliver on client expectations. We Listen. We Are Determined To Deliver. Our clients want to understand better. Excel Funds is the only company dedicated to providing investors with actively managed, best-in-class Portfolio Managers based in regional markets. In order to deliver deeper understanding, we are not removed from unique cultural, political and economic experiences. We Initiate. We Create. Investors benefit from strong, sustainable growth. To create wealth for our clients we will: • Offer globally diverse opportunities to capture shifts in world economies • Not resist change and continually lead in Emerging Markets global growth • Engage world class institutional managers for retail investors We Are Passionate. We Will Never Stop Innovating. True leadership is enabling and seeks a positive outcome for all invested. We will not rest on past success, and continue to provide clients with: • Innovative fund structures • Canada’s largest & most comprehensive Emerging Markets products • The best institutional level Portfolio Managers • World class on-the-ground active managers • A singular focus on Emerging Markets, the driver of global growth

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