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Saxon
Reaches Golden Milestone: Fifty Consecutive
Months of Positive Net Sales
TORONTO,
April 4, 2005 - Saxon
Funds Management Limited today announced its 50 th consecutive
month of positive net sales, reporting $40.3 million for March
2005. Assets under management now stand at $1.38 billion.
"Reaching
this golden milestone is a significant achievement - especially
given the range of volatile market conditions we have seen
over the last 50 months," said Allan Smith, Chief Operating
Officer of Saxon Funds Management Limited . "There are few,
if any, other mutual funds companies in Canada that have achieved
this level of consistent growth. Investors continue to show
confidence in Saxon's philosophy, no-load funds and low management
fees. These investors have been rewarded with outstanding
performance."
Contributing
to the growth was the addition of two new funds in January
2005; the Saxon U.S. Equity Fund and Saxon International Equity
Fund. Both offer a low management expense ratio (MER) of
1.87%, while industry MERs for similar funds are at least
40% higher. Also reflected in this growth are the Saxon
Bond and Saxon Money Market Funds, both launched in September
2004.
Saxon
funds can be purchased directly by investors across Canada,
and also are available through discount brokerages and independent
financial advisors.
About
Saxon Funds Management Limited
Established
in 1985, Saxon Funds Management Limited offers a highly respected
suite of no-load, low management fee mutual funds. Consistently
recognized by leading industry analysts as one of today's
smartest investment choices, Saxon offers nine outstanding
funds: Saxon U.S. Equity, Saxon International Equity, Saxon
World Growth, Saxon Small Cap, Saxon Stock, Saxon High Income,
Saxon Balanced, Saxon Bond and Saxon Money Market. Managed
by Howson Tattersall Investment Counsel, one of Canada's premier
value-oriented investment firms, the funds combined have more
than $1.3 billion in assets.
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