TORONTO, ONTARIO--(Marketwire - May 11, 2010) - In addition to its commitment to offer the best emerging market investment products, through operating efficiencies, Excel Funds has formally announced the reduction to the Management Expense Ratio (MER) for most of the funds offered.
"We are continuing to bring our MER down without compromising the quality of our sub-advisers and our services. As we grow, we expect our MERs to come down further," says company CEO and President, Bhim D. Asdhir, "in our fund category our MERs have always strived to be competitive among our peers."
The affected funds and their updated MER figures are listed in the table below.
| Fund name (Series A) |
current MER1 |
| Excel Income & Growth Fund |
1.76% |
| Excel India Trust2 |
1.92% |
| Excel Latin America Fund |
2.85% |
| Excel BRIC Fund3 |
2.88% |
| Excel Emerging Europe Fund |
2.94% |
| Excel India Fund |
2.98% |
| Excel China Fund |
3.19% |
| Excel Chindia Fund |
3.36% |
| Excel Money Market Fund |
0.24% |
| 1 as of March 31, 2010 |
|
| 2 closed-end investment trust |
|
| 3 Fund launched on November 2, 2009 |
|
About Excel Funds
Founded in 1996, Excel Funds is a specialized fund management company that focuses on investment opportunities in emerging markets. Excel Funds manages highly ranked and award-winning mutual funds including Excel BRIC Fund, Excel China Fund, Excel India Fund, Excel Latin America Fund, Excel Emerging Europe Fund, Excel Chindia Fund, Excel Income and Growth Fund, Excel Money Market Fund and Excel India Trust (EXI.UN), a TSX-listed closed-end fund.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual funds investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.