Saxon Funds Management Ltd. has added two new funds – the Saxon U.S. Equity Fund and Saxon International Equity Fund – to the firm’s stable of no-load mutual funds.

The Toronto-based fund company said Tuesday the new funds are available for purchase by Canadian investors effective immediately and are managed by Howson Tattersall Investment Counsel.

Carmen Veloso, portfolio manager at Howson Tattersall Investment Counsel, will manage the two new funds. She will work with Bob Tattersall, whose Saxon World Growth mandate continues to include any global market outside Canada.

The Saxon U.S. Equity Fund and Saxon International Equity Fund offer a management expense ratio of 1.87%. Industry MERs for similar funds are at least 40% higher, at a median of 2.68% for the U.S. equity fund category and 2.62% for international equity funds, Saxon said.