Fund manager Bullion Management Services Inc. today announced that it has changed the name of its mutual fund to BMG BullionFund from Millennium BullionFund.

The fund is Canada’s first and only open-end mutual fund trust that invests directly in equal proportions of unencumbered, fully allocated gold, silver and platinum bullion and qualifies for all registered plans.

“BMG BullionFund is designed to provide a simple and affordable way for investors to add the wealth preservation and diversification advantages of bullion — gold, silver and platinum — to their portfolios,” saysNick Barisheff, president of Bullion Management Group. “The name change makes it easier to for investors to make the link between the fund and the organization behind it, Bullion Management Group Inc.”

Over the past year, net assets of the have grown more than 78% to $186 million as of March 18.