Christine Tan- Excel Funds Management Inc.

Emerging-markets manager pursues growth themes.

Diana Cawfield 18 July, 2014 | 6:00PM

Christine Tan, lead manager of Excel Emerging Markets, is a big believer in secular growth themes. "A lot of the themes I talk about to our investors are linked to consumption, such as education and health care," says Tan, a portfolio manager at Excel Funds Management Inc.

For example, one of the fund's top holdings is TAL Education Group, a leading provider of tutoring services in China. The company trades in the U.S. as an ADR under the ticker XRS.

"Around the world, all parents really want to educate their children. That's a core priority," says Tan, "but in emerging markets it was only recently that disposable income was available for this incremental spending." TAL has done "fantastically well, and it's considered a very scalable model in new cities, with minimal advertising."

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Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.