Figure 1 (below) measures the Canadian investor return gap across fund types over three -, five -, and 10 - year trailing periods. (moneysense.ca)
To be perfectly fair, the estimated negative return gap experienced by pensions is meaningfully lower than for mutual fund investors. (researchaffiliates.com)
Our research indicates that the more sophisticated investor groups — for example, value and institutional fund investors — just display a smaller - than - average return gap. (researchaffiliates.com)