Mackenzie Financial Corp. is launching a new series of Saxon Mutual Funds, the company said Tuesday.

Now available for purchase, the new series with nine funds covers a wide range of investor objectives and asset classes.

Managed by the highly respected team of Howson Tattersall Investment Counsel Ltd., Saxon Mutual Funds are well known in the industry for their disciplined multi-cap value style of investing in both Canadian and international markets.

“The introduction of the new series of these funds provides investors with access to Howson Tattersall’s strong value investment style as well as the superior support that advisors and their clients are accustomed to from Mackenzie,” says David Feather, president of Mackenzie Financial Services Inc.

The nine mutual funds (Series A) now available for purchase are:

> Saxon High Income Fund;
> Saxon Stock Fund;
> Saxon Small Cap;
> Saxon Microcap Fund;
> Saxon U.S. Equity Fund;
> Saxon U.S. Small Cap Fund;
> Saxon International Equity Fund;
> Saxon World Growth; and
> Saxon Global Small Cap Fund.

Mackenzie says investors have access to a unique mandate through the Saxon Microcap Fund, which focuses on Canadian companies with a capitalization of less than $150 million. Among the few true microcap funds in Canada, Saxon Microcap Fund is further distinguished by being the only such fund managed according to the principles of value investing.

The new funds are now fully exchangeable across Mackenzie’s product shelf, the company says.

Separately, Mackenzie announced that Howson Tattersall will become the new sub-advisor of the Mackenzie Balanced Fund, effective Feb. 11.

In managing the Mackenzie Balanced Fund, the Howson Tattersall investment team will employ similar investment strategies as they employ as manager of Saxon Balanced Fund.

Mackenzie proposes to proceed with a merger of Mackenzie Balanced Fund into Saxon Balanced Fund. It is expected that the merger will be completed during the second quarter of 2009.

Mackenzie acquired Saxon Financial Inc. and its related subsidiaries, including Howson Tattersall, on Sept. 25, 2008.

IE