SOURCE: Bullion Management Group Inc.
TORONTO--(Marketwire - Feb 20, 2013) - Bullion Management Group Inc. (BMG) is pleased to announce it has become an associate member of the Social Investment Organization (SIO). The SIO is the national association for the socially responsible investment (SRI) industry in Canada, with a primary mandate of providing a leadership role in furthering the use of social and environmental criteria within the Canadian investment community.
BMG is Canada's first, precious metal's company to join the SIO. BMG seeks to continually pursue the highest global standards for bullion purchase, storage, integrity, transparency and security for its clients and has already been accepted as an Associate Member of The London Bullion Market Association (LBMA).
A report released in January of 2013 by the SIO states that socially responsible investment assets in Canada have climbed dramatically, showing growth in virtually every major market segment and outpacing the overall growth rate of the total assets under management. The Canadian SRI Review report states that assets managed under sustainable and socially responsible guidelines grew by 16 per cent between June 30, 2010 (the effective date of the last report) and December 31, 2011. By comparison, total assets under management grew by nine per cent in the same time period. Total assets managed under SRI guidelines are $600.9 billion, up from $517.9 billion, an amount that represents 20 per cent of assets under management in the financial industry.
"Our SIO Associate Membership is one more way for BMG to extend its commitment to provide uncompromised bullion," said Nick Barisheff, CEO of Bullion Management Group Inc. "Anyone who monitors the gold mining and refining industry knows that with the 12-year rise of the gold price, illegal, unethical mining and refining operations have emerged across the developing world. Investors in BMG's funds and BullionBars program must be confident that bullion purchased and stored on their behalf is obtained from ethical and legal sources."
As an Associate Member of the LBMA, BMG and its clients benefit from the LBMA Responsible Gold Programme, in which the LBMA requires all refiners producing Good Delivery gold bars to comply with the LBMA Responsible Gold Guidance. The Guidance aims at combating systematic or widespread abuses of human rights, avoiding contribution to conflict and expects refiners to comply with high standards of anti-money laundering and combating terrorist financing activities.
About Bullion Management Group Inc.
Toronto-based Bullion Management Group Inc. (BMG) is a precious metals bullion management company whose mission is to be a global leader in providing secure, cost-effective and transparent ways to purchase and store physical bullion. BMG has more than CDN$603 million of bullion assets under management. The company is an Associate Member of the London Bullion Market Association (LBMA). Through its subsidiary, Bullion Management Services Inc., BMG manages three mutual funds. BMG BullionFund is the world's first open-end mutual fund trust that purchases equal dollar amounts of gold, silver and platinum bullion. BMG Gold BullionFund is an open-end mutual fund trust that purchases gold bullion. BMG Gold Advantage Return BullionFund couples monthly fixed cash distributions with an underlying asset in Class I Units of BMG Gold BullionFund, which invests solely in gold bullion. For more information on BMG and BMG Funds, please visit: www.bmgbullion.com.