On The Shelf:

(January 24, 2008) It’s a small-cap world after all for Saxon Financial. The company has announced that it is launching three new small-cap funds, the Saxon Microcap Fund, the Saxon U.S. Small Cap Fund, and the Saxon Global Small Cap Fund.

The Microcap fund focuses on Canadian companies with a market cap of less than $150 million, while the latter two funds will give investors the chance to capture the “historic outperformance of small caps,” says the company.

“The addition of these three specialty small-cap funds to the Saxon family gives investors greater performance potential and diversification benefits,” says Allan Smith, president and CEO. “Our statistically grounded, bottom-up investment process will be used to select undervalued stocks among the vast offerings of small caps in Canada and around the world.”

BMO Harris Investment Management gets new sub-advisors

(January 24, 2008) BMO Harris Investment Management has revealed that it’s in negotiations with three firms to share the sub-advisory responsibilities for the company’s International Equity portfolio.

McKinley Capital Management, Thornburg Investment Management, and Pyrford International are expected to replace the Boston Company Asset Management as sub-advisors around February 1.

“With our expectations for non–North American equities to continue to perform well, we plan to allocate a larger portion of our clients’ assets to those markets,” says Paul Taylor, chief investment officer for BMO Harris Private Banking. “As a result, we want to diversify our International Equity Portfolio’s strategy across three sub-advisors, each with a distinct investment style and approach.

The portfolio’s objective is to provide long-term capital appreciation by investing in a diversified set of equity securities of issuers throughout the world.

McKinley Capital Management, based in Anchorage, Alaska, specializes in global growth and manages over $15 billion in assets.

Pyrford International, an international equity specialist based in London, England, applies a fundamental value investment process, both top-down and bottom-up, and manages about $3 billion of assets. Pyrford is a wholly owned subsidiary of BMO Financial Group.

Thornburg Investment Management is an employee-owned investment management company based in Santa Fe, New Mexico. The company manages more than $50 billion in assets.

(01/24/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.