Royal Skandia has added two precious metals funds to its unit-linked fund range in the Isle of Man.
The BMG BullionFund and BMG Gold BullionFund are medium to long term saving and investment solutions from Bullion Management Group (BMG) of Canada. As open-end mutual funds, the funds provide the same liquidity as their underlying precious metal assets; BMG does not trade or attempt to time the market and the funds have no exposure to counterparty risk. The BMG BullionFund is an open-ended mutual fund that purchases equal dollar amounts of gold, silver and platinum bullion - a world first according to BMG. The BMG Gold BullionFund is also an open-ended mutual fund that purchases only...
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