Capital Group International Adds BMG’s Unencumbered Bullion Funds
BMG Management Services Inc., a BMG Group Inc. company, with an AUM of $282 million as at June 30, 2018, is pleased to announce that Capital Group International, known for being one of the most influential distribution and investment platforms in the United Kingdom and overseas, has added BMG Funds to its list of quality products, structures and services. The BMG Funds are now available on one of the most influential distribution and investment platforms.
“BMG is pleased to have its line-up of bullion mutual fund products added to the Capital Group International distribution and investment platforms, and we look forward to a long relationship,” said Nick Barisheff, President and CEO, BMG Group Inc. “Gold has a low correlation to traditional asset classes, making it an excellent hedge against market volatility. BMG’s product line better enhances a portfolio by offering the benefits of an investment in unencumbered bullion, which enhances your portfolio for the long term.”
Darren Beddard, CEO of Capital Group International and Capital Platform, said “Adding a product like this to our platform will not only benefit others, but it’s a great asset class and opens a whole new world for advisors and for clients’ portfolios.”
Why BMG Funds?
Bullion Management Services Inc. (BMS), a wholly owned subsidiary of BMG Group Inc. (BMG), acts as the manager, promoter and trustee for BMG Funds. Canadian-regulated BMG Funds provide investors with the same benefits of owning physical gold, silver and platinum bullion without compromising the fundamental attributes of bullion.
BMG Funds are open-end mutual fund trusts, and each BMG Fund has a fixed investment policy of investing at least 95 percent of its assets in precious metals bullion. BMG Funds minimize risk, because they do not hedge, lease, market time, leverage or rebalance holdings. As a result, performance tracks the price of bullion and not the trading skills of a portfolio manager.
BMG BullionFund has a fixed investment policy that restricts it to investing only in equal dollar amounts of Good Delivery gold, silver and platinum physical bullion.
BMG Gold BullionFund has a fixed investment policy that restricts it to investing only in Good Delivery physical gold bullion.
BMG Silver BullionFund has a fixed investment policy that restricts it to investing only in Good Delivery physical silver bullion.
BMG Funds’ bullion assets are stored on an allocated and insured basis under a custodial agreement with The Bank of Nova Scotia in its London Bullion Market Association (LBMA) -member vault in Toronto, Canada, a country known for its chartered banking system, excellent economic standing based on natural resources, and strong multicultural democracy.
It should also be noted that, because the BMG Funds invest in only physical bullion, tax efficiency is assured, as no sales tax or withholding tax is applicable on bullion in Canada. BMG Funds are also Shariah compliant.
About Capital Group International
Capital Platform International and Capital Pensions Ltd. are divisions of Capital Group International, an investment, marketing and distribution platform for investors, investments and pension products. The platform is available for intermediaries, financial advisors, institutional clients, family offices, fund managers, high net-worth individuals, and sophisticated investors.
The aim of the platform is to ensure the products conform to regulatory and financial services and Markets Act rules. They also work with providers and fund managers to ensure products are best presented and promoted to investors and advisors, including efficient delivery of product literature, application forms and educational resources. Visit: https://cp-international.co.uk/.
About BMG Group Inc. (BMG)
BMG is a global leader in providing investors with secure, cost-effective and transparent ways to purchase and store physical gold, silver and platinum bullion. Physical bullion should form part of an investment portfolio for real wealth preservation through true diversification and the reduction of risk and volatility. Headquartered in Markham, Ontario in Canada, BMG’s bullion products are sold through its subsidiaries and are recognized globally for their highest standards for bullion purchase, storage, integrity, transparency and security. BMG was the first precious metals bullion management company in Canada to become an Associate Member of the LBMA, an honour it shares with the Royal Canadian Mint, the Crown Corporation that produces Canada’s currency. This validation and endorsement is only bestowed upon firms that meet the LBMA’s rigorous industry standards on refining, reliable trading and Good Delivery practices. BMG is also an Associate Member of the Responsible Investment Association (RIA) and a Signatory to the Principles of Responsible Investment (PRI). For more information about BMG Funds, visit: http://bmgfunds.com/.