The Millennium BullionFund today announced that it now offers two new classes of units and the ability to purchase units in U.S. and Canadian dollars.

The new Class F units in the open-ended fund are designed for holding in managed accounts where management fees are paid directly to the advisor by clients. They incur reduced fees to equalize the cost of holding units in managed accounts.

The Class I units are aimed at institutional investors and wealthy individuals. They carry a lower, negotiated management fee.

“In making the changes, The Millennium BullionFund is responding to requests for greater flexibility and variety in the way that investors are allowed to participate in the Fund,” said Nick Barisheff, president of Bullion Management Services Inc., manager of the fund, in a release.

“Advisors and individual investors are becoming more aware of the hedging and diversification advantages of precious metals in bullion form, which have historically had a negative correlation with traditional financial assets and have performed exceptionally well during times of financial stress.”