Excel Funds Management has entered the Canadian exchange traded fund market with the launch of the Excel Global Balanced Asset Allocation ETF (EXGB) and the Excel Global Growth Asset Allocation ETF (EXGG).
EXGB will seek a conservative return over a rolling two to three-year period with controlled volatility by investing, on a direct or indirect basis, in globally listed exchange-traded funds and equity and fixed income securities, regardless of the prevailing market environment.
EXGG will seek a superior total return over a rolling three to five-year period with controlled volatility by investing, on a direct or indirect basis, in globally listed exchange-traded funds and equity and fixed income securities.
EXGB and EXGG have each closed the offering of their initial units and each will begin trading tomorrow morning on the Toronto Stock Exchange in Canadian dollars under the ticker symbols “EXGB” and “EXGG”, respectively.
