Excel Funds Management Inc.

Emerging Markets

China is not broken

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Digesting recent economic numbers, financial institutions across the globe have reached a general consensus: China’s economy has bottomed out.

Data released last week by the National Bureau of Statistics showed that China’s economic growth slowed to an annual rate of 7.4 percent in the third quarter. However, September data indicated a pick-up in economic activity.

With China seeing the lowest growth in history in the last four quarters , it seems to be a consensus with economists that China had bottomed out in this year’s first half. In the same breath we have seen some positive news for the third quarter gross domestic growth and better than expected data for September. This all points to a stabilizing economy and one that is poised for a good run for 2013.


“Overall the September data release painted a consistent picture of a pickup in domestic activities on the back of recovering domestic and possibly external demand, as well as accommodative monetary and financing conditions,” Barclays economists, lead by Huang Yiping, wrote in a research note.


I think this goes to prove that message we have been trying to convey to our clients. The story behind China is not broken all the fears and negative news appears to just static in the background. Staying invested long term and adding to positions at all time lows will make a great  an positive impact on clients portfolio’s for years to come.


Excel’s China Fund is up over 7% YTD

Written by: Sam A.


China Focus: China’s economy has bottomed out, says economists


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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