{"id":468945,"date":"2021-03-31T14:52:25","date_gmt":"2021-03-31T18:52:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=468945"},"modified":"2021-03-31T14:52:25","modified_gmt":"2021-03-31T18:52:25","slug":"bmg-group-inc-announces-custodian-changes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bmg-group-inc-announces-custodian-changes\/","title":{"rendered":"BMG Group Inc. Announces Custodian Changes"},"content":{"rendered":"
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MARKHAM, Ontario, March 31, 2021 (GLOBE NEWSWIRE) — Due to the departure of ScotiaMocatta from the precious metals trade, BMG Group Inc. (BMG) is pleased to announce the appointment of RBC Investor Services Trust (operating as RBC Investor & Treasury Services) as custodian for the BMG Funds and the appointment by the custodian of the Royal Canadian Mint (the Mint) and certain sub-custodians of the Mint, including Brink\u2019s Canada Limited (collectively with its global affiliates, Brinks), as sub-custodians of the BMG Funds.<\/p>\n

\u201cRBC Investor & Treasury Services has been the back office service provider for BMG Mutual Funds for many years, and we are delighted to continue our efforts together pursuing the highest global standards for bullion purchase, storage, integrity and security for our clients,\u201d said Nick Barisheff, BMG\u2019s founder, president and CEO.<\/p>\n

In response to its clients\u2019 needs for secure, allocated storage solutions with the London Bullion Market Association member vaults, BMG partnered with Brinks in 2014 to provide allocated storage solutions in LBMA-member vaults.<\/p>\n

\u201cOn behalf of BMG\u2019s present and future bullion clients, we are very proud of the work and effort involved in the transition, and we look forward to a successful partnership,\u201d stated Barisheff.<\/p>\n

\n About BMG<\/strong>
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BMG is a privately held Canadian alternative asset management company established in 1998. Its investment products are focused on one asset class \u2013 uncompromised precious metals bullion. <\/p>\n

BMG is one of three Canadian companies to achieve the status of becoming an Associate Member of the London Bullion Market Association (LBMA). BMG is a signatory to the Principles of Responsible Investment (PRI). The PRI is the world\u2019s leading proponent of responsible investment. For further information, visit: bmg-group.com<\/a>.<\/p>\n

About BMG Funds<\/strong>
The funds are open-end mutual funds, thus providing the same liquidity as their underlying precious metal assets; BMG does not trade or attempt to time the market; and BMG Funds have no exposure to counterparty risk. Physical bullion in BMG Funds is stored on an allocated and insured basis.<\/p>\n

\n BMG BullionFund<\/strong> is the world\u2019s first and only open-end mutual fund trust that purchases equal dollar amounts of gold, silver and platinum bullion.<\/p>\n

\n BMG Gold BullionFund<\/strong> is an open-end mutual fund trust that purchases only gold bullion.<\/p>\n

\n BMG Silver BullionFund<\/strong> is an open-end mutual fund trust that purchases only silver bullion.<\/p>\n

\n BMG Diversified Hedge Fund <\/strong>seeks to achieve long-term capital growth and income, and to surpass the Canadian Balanced Fund Index. BMG\u2019s Diversified Hedge Fund is designed to take advantage of a major market correction in the global financial markets through a unique two-stage investment strategy.<\/p>\n

\n About BMG Physical Bullion Group<\/strong>
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BMG Physical Bullion Group has two main products: BMG BullionBars\u2122\u00a0& BMG BullionCoins\u2122:<\/p>\n