Excel Funds Management Inc.

Emerging Markets

There has been an increase in total volumes for Latin American bond

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Recently, there has been an increase in total volumes for Latin American bonds. Brazil is the largest issuer in terms of deals and volumes with 45%. Mexico is also considered very strong with an improving economy which is leading to higher demand for its bonds. Mexico has been decreasing the amount of sovereign bonds as funding needs have diminished. In a low interest rate environment and higher coupon rates for emerging market debt, these factors are contributing to the higher demand for Latin American bonds. It is extremely difficult to find high yield bonds in developed countries leading investors to explore other avenues. Excel released an IPO of the “Latin American Bond Fund” on June 19th 2012. Since its debut on the TSX it has been trading above its original price of $10. As of Oct 12, 2012 it’s trading at $11.48. The ticker symbol is ELA.UN and is a great way to earn higher yield with quarterly distributions. Clients are looking for new opportunities from investments to earn income and grow their portfolios. This product is also a great way to help clients diversify their portfolios.

Written by Jeff K.

Dwyer, R. (2012, October). Euromoney. Latin American Issuers attract record crowds. Retrieved October 15, 2012, from  http://www.euromoney.com/Article/3098999/CurrentIssue/86809/DCM-Latin-American-issuers-attract-record-crowds.html

 

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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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