BMG Management Services Inc. Announces Risk Rating Changes
Markham, ON – (Globe Newswire – November 24, 2017) – BMG Management Services Inc. (the “Manager” or “BMS”), the manager of the BMG Funds, today announced changes to the risk ratings of its three publicly offered mutual funds effective immediately. These changes are the result of complying with the recently mandated Canadian Securities Administrators’ updated risk classification methodology.
These changes have been reflected in the renewal of the BMG Funds’ simplified prospectus and fund facts each dated November 23, 2017. There are no changes to the investment objectives or strategies of the BMG Funds associated with these new risk ratings.
|Fund||Former Rating||New Rating|
|BMG Gold BullionFund||Medium||Medium to High|
|BMG Silver BullionFund||Medium||High|
The BMG Funds are specialized funds that invest in precious metals bullion (gold, silver and platinum as applicable). The BMG Funds are not intended to be a standalone investment, and should not represent more than 20% of an investor’s overall total investment portfolio including any other bullion investments. Due to the fact that bullion typically has a low correlation to other financial assets, including it as part of a portfolio should generally reduce the portfolio’s volatility (i.e., which may help improve returns over the long-term).
BMS is a subsidiary of BMG Group Inc. (“BMG”). Founded in 2002, BMG is a dedicated guardian of physical bullion. BMS and BMG are both based in Markham, Ontario, and BMG has offices in multiple countries including Panama and the United Kingdom. BMS offers the BMG Funds to interested investors, and BMG offers a wide range of physical bullion products designed for portfolio diversification and wealth preservation. BMG bullion products, including the BMG Funds, are stored on an allocated and insured basis within LBMA-member vaults. 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). The PRI is the world’s leading proponent of responsible investment.
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