5 More Reasons Mutual Funds Stink

5 More Reasons Mutual Funds StinkEarlier this year we penned a couple of columns that, more or less, beat up the mutual fund industry. We will add one more now, with a bit of an extension to highlight what’s wrong with the investment industry in general as well as mutual funds. Then we’ll give our friends and former colleagues in the business a break, but until then here are five more things we don’t like…

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Reining in Canada High Mutual Fund Fees

Reining in Canada High Mutual Fund FeesMutual fund fees are higher in Canada than elsewhere. And despite efforts to beef up disclosure, buyers are still in the dark about what they pay. Industry critics have talked about inflated fund ownership costs for years. Now there’s a discussion paper by the Canadian Securities Administrators that bolsters their case. This 50-page paper, posted at the Ontario Securities Commission’s website under News, can be a tough slog to get…

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Will Actively Managed Mutual Funds Ever Go Away?

Will Actively Managed Mutual Funds Ever Go Away?These days, the passive investing movement is gaining momentum faster than I get rejected for dates by attractive ladies. And for good reason. Actively managed mutual funds may sometimes outperform the index, but are more often than not surpassed by their passive brethren. Math would indicate that the average fund would match the overall stock market, since mutual funds are such large participants. And this is true, except for one…

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5 Canadian Portfolio Managers You Should Follow

5 Canadian Portfolio Managers You Should FollowWhen it comes to the capital markets, information overload is a very distinct reality for most people, including ourselves. From countless websites and blogs dedicated to stocks, options, mutual funds, hedge funds, personal finance etc. etc. to print media and television, how can one not be inundated with too much information? We would liken this predicament to a fairly prevalent movie scene, where prosecutors demand the surrender of documents from…

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Segregated funds: The High Price of Security

Segregated funds: The High Price of SecurityDuring the RRSP campaign, I met one of my clients who held investments with Manulife for a while. During our meeting, he showed me his investment statements from the other company. He had invested in segregated funds for the past 10 years and wasn’t happy with the results. While I am not bashing Manulife (I still took it in my portfolio for our best 2010 stock picks contest), I can’t…

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