Markham, Ont.-based Bullion Management Group Inc. (BMG) has expanded its line of bullion funds with the launch of BMG Silver BullionFund.
The new open-ended mutual fund invests exclusively in physical silver bullion. It is designed for investors seeking to add silver to their precious metals investments that offer long-term security and potential capital growth.
“With some analysts saying Canada could join the negative interest-rate club, advisors and investors are compelled to seek alternative safe-haven investments, and are increasingly turning to silver,” says Nick Barisheff, president and CEO of BMG, in a news release.
“So far in 2016, silver has outperformed both gold and platinum,” continues Barisheff. “Silver bullion’s year-to-date rise of 26.2% surpasses even gold’s stellar performance of 17.8%. And silver far outshines the respective S&P 500 and TSX composite returns of 4.7% and 12.4%.”
BMG Silver BullionFund is built on the same model as BMG BullionFund, which invests only in gold, silver and platinum bullion, and BMG Gold BullionFund, which invests exclusively in gold bullion.
All bullion in BMG funds also meets London Good Delivery Standards, and BMG is an associate member of the London Bullion Market Association (LBMA).