Mississauga, Ont.-based Excel Funds Management Inc. has changed its distribution policy for Excel Blue Chip Fund for both Series A and Series F units.

As of March 1, the fund will distribute income at a fixed rate of four per cent of the series net asset value (on an annualized basis) monthly, as opposed to annually.

As well, Excel Funds will offer a U.S dollar purchasing option on Series F units of Excel India Fund, Excel China Fund, Excel Capital Income Fund (previously the Excel EM Capital Income Fund) and Excel High Income Fund (formerly the Excel EM High Income Fund).

Founded in 1996, Excel Funds is the only emerging markets focused mutual fund provider in Canada with a leading number of funds focused on those regions of the world.