Saxon Financial offers protection in Canada


Investment fund manager Saxon Financial has launched a principal-protected note in Canada. The Bank of Montreal Saxon Balanced Protected Deposit Notes, linked to the performance of the Saxon Balanced Fund, offer up to 200% of the fund's potential returns. The investment term is five-and-a-half years and capital is 100% protected. "The product is tailor-made for those heading for retirement, wanting a balance between wealth preservation and growth potential," says Allan Smith, chief executive of

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