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. Smith.
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.