High fees, poor portfolio structure help explain the uninspiring returns
A few basic checks can go a long way toward uncovering potential problems
IIROC should think hard about the costs and benefits of its proposed rule
IIROC’s suggestions do not come close to addressing the issues
Borrowing to buy return of capital investments may not pay off
Advisors using only simple assessment methods are asking for trouble
There’s lots of choice among Canadian funds
A paper published in the U.S. in December compares U.S. equity mutual funds’ published performance from 1991 through 2004 with estimates of what investors in those same funds actually earned over the same time period. The paper, Investor Timing and Fund Distribution Channels, by Mercer Bullard, Geoffrey Friesen and Travis Sapp, highlights the “timing performance […]