Saturna Capital Named to Inc. Magazine's Exclusive List For Third Consecutive Year
Bellingham, WA (October 24, 2011) — Saturna Capital Corporation, investment manager of the no-load Amana and Sextant Fund families and the Idaho Tax-Exempt Fund, has been named to Inc. magazine's annual Inc. 5000 list, an exclusive ranking of America's fastest-growing private companies. With a ranking of 1177 and a three-year sales growth rate of 252%, Saturna joins such well-known companies as Spirit Airlines, Honest Tea, and Dunkin Donuts on this year's list.
This marks the third consecutive year Saturna has been recognized by Inc. magazine for its entrepreneurial accomplishment. Saturna debuted on the Inc. 500 list in 2009 at 408, and ranked 847 on the 2010 list.
Within the context of daily news about companies and industries laying off thousands of workers, Saturna is creating jobs. The company's staff grew by nearly 30% in 2010, and has grown another 10% to date in 2011. Financial services sector ranks among the top ten job-creating industries on Inc''s 2011 list.
"We are determined to continue growing Saturna into the foreseeable future and are taking concrete steps to secure that growth," said Jane Carten, company's President and CEO. "This year we have hired key executive personnel, including a new Vice President of Product Development, to lead our expansion into institutional, sub-advisory, and retail separately managed account product areas," said Jane Carten, Saturna's President and CEO.
She added, "We have a solid track record of superior long-term performance, and our award-winning management of the Amana Growth, Amana Income, and Sextant International funds, for example, has increased demand for our expertise around the world. We intend to meet this demand in ways that complement our business model."
Ms. Carten also explained that Saturna's conservative, risk-averse approach and successful track record resonate particularly well with investors in the current environment of persistent economic uncertainty and unprecedented market volatility. "At the time when many mutual funds see outflows of assets, our long-term investors have remained loyal, rewarding Saturna's unwavering commitment to fundamental philosophy of putting our clients' interests first" she pointed out.
Despite the stagnant economic environment of the past three years, Saturna created two subsidiaries — Saturna Trust Company in Reno, Nevada, and Saturna Sdn. Bhd., an investment management and research office in Kuala Lumpur, Malaysia. The company also launched the emerging markets-focused Amana Developing World Fund, and expanded its headquarters in Bellingham, Washington.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Jane Berentson.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.