Saxon Funds Management Ltd. today announced the addition of two new fixed income funds to its family of five equity funds. Saxon Bond Fund and Saxon Money Market Fund are available for purchase by Canadian investors effective immediately.

The two new funds will be managed by Howson Tattersall Investment Counsel, leveraging the strength of the fixed income team that merged into the organization in 2003. Currently, Howson Tattersall Investment Counsel manages $5 billion in fixed income assets for institutional and other investors.

“These are the first new funds added to the Saxon family since 1997,” said Rick Howson, chief investment officer, Howson Tattersall, in a release. “Saxon aims to meet investors’ needs in areas where we have demonstrated investment expertise and where we can bring value to our clients.”

Saxon Bond Fund offers a low management fee of 1.15%, and Saxon Money Market Fund a low fee of 0.60%.

Saxon funds can be purchased directly by investors across Canada, and are available through discount brokerages and independent financial advisors.

The no-load family of Saxon funds currently have $1 billion in assets under management.