• 8 mai 2007 08:00
  • - Finances
  • - Résultats financiers
  • - Services financiers

The Millennium BullionFund reports five-year performance results


    TORONTO, May 8 /CNW/ - Bullion Marketing Services Inc, distributor of The
Millennium BullionFund, today reported impressive five-year returns for their
Class A units. For the five-year period ending March 5, 2007, the Fund
generated an average annual compounded rate of return of 6.9 per cent in
Canadian dollars and 15.5 per cent in U.S. dollars.
    In addition to its five-year performance history, The Millennium
BullionFund achieved another important milestone by surpassing $100 million
Cdn in assets in February, 2007.
    Three-year returns to March 5, 2007 were 7.5 per cent Canadian and 11.5
per cent U.S., while one-year returns were 13.4 per cent Canadian and 11.2 per
cent U.S.
    "The disparity between the Canadian and U.S. rates of return are based
around the strengthening Canadian dollar relative to the U.S. dollar," said
Nick Barisheff, President of Bullion Marketing Services Inc. "However, the
real bull market in precious metals began in August 2005, and prices started
to rise in all currencies. Until then, it was more of a U.S. dollar bear
market rather than a global precious metals bull market. Consequently, the
differential between Canadian and U.S. dollar performance has narrowed. From
August 1, 2005 to March 5, 2007 the Fund generated a 37 per cent gain in
Canadian dollars, and a 42 per cent gain in U.S. dollars."
    "As the bull market in gold, silver and platinum progresses, more and
more investors and financial advisors are realizing the importance of
including precious metals as part of every portfolio. The progress of the
precious metals bull market is confirmed by the fact that The Millennium
BullionFund reported its highest annual rate of return in 2006, its fifth
calendar year, boasting a 24.5 per cent Canadian dollar and 25.0 per cent U.S.
dollar return."
    The Millennium BullionFund is the world's first and only open-end mutual
fund trust that invests exclusively in equal proportions of unencumbered,
fully allocated gold, silver and platinum bullion. The Fund's investment
objective is to provide a secure, convenient, low-cost, low-risk alternative
for investors seeking the benefits of capital preservation, appreciation,
portfolio diversification and hedging that only bullion ownership can offer.
    For more information, please visit: www.bmsinc.ca.

    The Millennium BullionFund(TM) is Canada's first and only open-end Mutual
Fund Trust that invests directly in bars of gold, silver and platinum and
qualifies for all registered plans.




For further information: Media Contact: Corine Hiebert, PR &
Communications Manager, Bullion Marketing Services Inc., (905) 474-1001 x 33,
c.hiebert@bmsinc.ca