Business
Saxon Financial announces principal-protected note offering
Saxon Financial announces principal-protected note offering.
About this update from Solution Financial Inc.
[{"type":"text","content":"\n\n\n\n\nReturns based on the performance of award-winning Saxon Balanced Fund\n\nTORONTO, Sept. 6 /CNW/ - Saxon Financial announced today the launch of a\nprincipal-protected note linked to the performance of Saxon Balanced Fund, the\n2005 Canadian Balanced Fund of the Year. Investors in the new Bank of Montreal\nSaxon Balanced Protected Deposit Notes can participate in up to 200% of the\npotential returns from the award-winning fund while enjoying the safety of\n100% principal protection if held until maturity. The term of the Deposit\nNotes is 5.5 years.\n\"This new product is tailor-made for those heading for retirement,\nwanting a balance between wealth preservation and growth potential,\" said\nAllan Smith, President and CEO of Saxon Financial. \"The proven performance of\nSaxon Balanced Fund makes it ideally suited for the leveraged growth potential\nof the principal protected note.\"\n\nLeveraged growth potential\nSaxon Balanced Fund's long-term performance features maximize the\nbenefits of the potential use of leverage. The fund has a five-year compounded\nreturn of 9.5%, more than double that of the median of Canadian Balanced\nfunds(x). It has produced positive returns in 13 of the past 15 years, and has\nlow volatility given the high equity weighting which currently stands at 70%.\n\nA commitment to fair pricing\n\"In launching the Deposit Notes, Saxon again demonstrates its commitment\nto fair pricing,\" Smith said. \"With a maximum all inclusive fee of 2.45%, the\nDeposit Notes are priced well below similar products, many of which charge\n2.95%. And for younger investors - or anyone comfortable with a little more\nrisk - Saxon Balanced Fund is still available at an MER of 1.86%.\"\nThe principal-protected note offering is the second product that Saxon\nhas launched this year for the advisor channel. In June, Saxon launched\nF-class shares for the fee-based advisor segment, in addition to a website for\nadvisors, Advisor Insight.\n\n>\n\nAbout Saxon Financial www.saxonfinancial.ca\n\nSaxon Financial Inc. is one of Canada's most respected value-style\ninvestment management firms. The company has three principal lines of\nbusiness: Saxon Funds Management Limited, which manages a family of\nhigh-performing, low-fee mutual funds; Howson Tattersall Investment Counsel\nLimited, an institutional asset investment manageme...