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Excel Funds launches new ETFs ​

By The IJ Staff | May 17 2017 09:45AM

Photo: Freepik

Excel Funds Management Inc. has entered the Canadian exchange traded fund market with the launch of Excel Global Balanced Asset Allocation ETF and Excel Global Growth Asset Allocation ETF.

The funds began trading May 17 on the Toronto Stock Exchange in Canadian dollars under the ticker symbols "EXGB" and "EXGG", respectively.

Seeking a conservative return

The company says Excel Global Balanced Asset Allocation ETF “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.”

Excel Global Growth Asset Allocation ETF “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.”

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