News Releases

Guardian Group of Funds Ltd. (GGOF) has launched GGOF Resource Fund, a multi-asset class product consisting of 50 per cent resource stocks and 50 per cent resource-based income products. This innovative asset combination provides investors with sensible exposure to this growth-oriented asset class without the volatility normally associated with investing in the resource sector.

GGOF Resource Fund's equity selections will be drawn from the S&P/TSX Energy (oil and gas) and S&P/TSX Materials (metals, minerals and mining, chemicals, steel and forest products) sectors. The income portion will allocate 30 per cent to income trusts and 20 per cent to high yield bonds.

"By marrying resource equities with income products, we've designed a product that helps dampen the cyclical nature of energy and material stocks," said Gavin Graham, Vice-President and Director of Investments, Guardian Group of Funds. "A fund diversified in this manner offers effective exposure to performance with moderate volatility relative to other resource funds."

The equity portion will be managed by Barrantagh Investment Management's Wally Kusters, Peter Comber and Bruce Jackson. With over 75 years of combined experience and $300 million in assets under management, Barrantagh brings a solid track record in the value-oriented management of Canadian equities, particularly resource assets.

The income portion will be co-managed by Guardian Capital LP's John Priestman and Steve Kearns. Mr. Priestman also manages or co-manages GGOF Monthly High Income Fund, GGOF Monthly High Income Fund II, GGOF Monthly Dividend Fund and GGOF Canadian Diversified Monthly Income Fund, and Mr. Kearns manages or co-manages GGOF Canadian High Yield Bond Fund and GGOF Canadian Diversified Monthly Income Fund.

GGOF provides investors with a full product line of 31 mutual funds, diversified by asset class, geographic region and investment style. GGOF, with $4.5 billion of mutual fund assets under management at December 31, 2004, offers its funds exclusively through financial intermediaries.

GGOF is a member of BMO Financial Group and part of the organization's Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and has total assets under management and administration and term investments of $271 billion at October 31, 2004.

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