Canadian mutual fund company Mackenzie Financial are bringing out a new fund aim at holding precious metals bullion. However, it will not be exclusively held to bullion but may invest in other 'like' assets. Here is an excerpt from their Simplified Prospectur p. 24: "The Fund pursues long-term growth of capital by investing
primarily, directly or indirectly, in gold. The Fund may also invest from time to time, directly or indirectly, in silver, platinum, palladium and/or equity securities of companies which produce or supply precious metals." Read more here: Mackenzie Financial

Mackenzie has a good name in the industry and this could be a good fund for those wanting an easy cost-effective exposure to bullion. However, remember, you do not hold the actual bullion (allocated to you) in this fund, and it can also hold bullion 'proxies'. A better choice for investors who want to stick to pure bullion in a mutual fund would be the BMG BullionFund in Canada.

The Mackenzie funds may not be available to non-Canadian investors.