Saxon Stock Fund, Saxon Small Cap and Saxon World Growth
TORONTO, Nov. 28 /CNW/ - Saxon Financial Inc. (TSX: SFI) announced that
three of its funds - Saxon Small Cap, Saxon Stock Fund, and Saxon World Growth
- are currently designated as Morningstar Fund Analyst Picks. Saxon funds
qualified for the select Morningstar's inaugural list in recognition of
management's strong long-term track record, a sound investment strategy, fair
pricing and stewardship.
"It is a notable achievement that one third of Saxon's mutual fund family
qualify for Morningstar's current list," said Allan Smith, President and CEO
of Saxon Financial. "It's a testament to the consistency of our value
investment style applied for the past years," he added.
"The Morningstar Fund Analyst Picks represent the culmination of
everything we do here at Morningstar. We utilize the data, tools, and
analytics we're known for as a foundation for the qualitative analysis we
conduct to come up with a list of our favourite funds. The Fund Analyst Pick
designation is the highest honour we can bestow on a fund," said David
O'Leary, Manager of Fund Analysis at Morningstar.
"The Fund Analyst Pick designation reflects our analysis of the
'fundamentals' to identify future winners, including the experience of a
fund's management team, the quality of the investment strategy, fees and
stewardship," according to Morningstar.
As a major component of its stewardship due diligence, Morningstar
analysts visit fund companies to look at regulatory issues, manager
incentives, fees and corporate culture in an effort to identify
unitholder-friendly fund companies.
"We take great pride in Morningstar's recognition of our reputation for
fair dealing and integrity by putting unitholders' interests first," said Mr.
About Saxon Financial Inc. (www.saxonfinancial.ca)
Saxon Financial Inc. is one of Canada's most respected value-style
investment management firms. The Company has three principal lines of
business: Saxon Funds Management Limited, which manages a family of
high-performing mutual funds; Howson Tattersall Investment Counsel Limited, an
institutional asset management business; and Howson Tattersall Private Asset
Management Inc., a private-client asset management business.
About Saxon Funds Management Limited (www.saxonfunds.com)
Established in 1985, Saxon Funds Management Limited, a subsidiary of
Saxon Financial Inc., offers a highly respected suite of nine funds: Saxon
Money Market Fund, Saxon Bond Fund, Saxon Balanced Fund, Saxon High Income
Fund, Saxon Stock Fund, Saxon Small Cap, Saxon U.S. Equity Fund, Saxon
International Equity Fund and Saxon World Growth. Managed by Howson Tattersall
Investment Counsel, one of Canada's premier value-oriented investment firms,
the funds combined have $2.3 billion in assets as of September 30, 2007.
About Morningstar Fund Analyst Picks
The Morningstar Fund Analyst Picks are designed to be one element in
helping investors decide whether a particular mutual fund is right for them.
However, as every investor's personal circumstances and portfolio needs
differ, Morningstar does not recommend or endorse particular funds for
purchase/sale to any particular individual. Morningstar Fund Analyst Picks are
subject to change daily. The list is updated regularly to reflect fund
cappings, manager changes, and other issues that arise; formal reviews are
conducted every quarter.
For further information:
For further information: Mary Savona, Vice President, Marketing, Saxon
Funds Management Limited, Phone: (416) 227-4180, E-mail:
email@example.com, Website: www.saxonfunds.com; Jason Graham or
Daniel Tisch (media only), Argyle Communications, (416) 968-7311, ext. 229 or
223, firstname.lastname@example.org, email@example.com