The dispute took a bizarre turn in September, when it was reported that officials in Ontario Finance Minister Dwight Duncan's office threatened to release a document showing the negative impact
of high mutual fund fees on investors if the industry continued to complain — a claim the government later denied.
There are other minor quibbles with the report but regardless, even if the report were entirely true, it is cold comfort for Canadians that Americans also
pay high mutual fund fees.
According to this National Post column, Canadian investors are beginning to understand long term damage
of high mutual fund fees.
For more thoughts on this same issue, see
How High Mutual Fund Fees Can Cost You Millions (Another Reason You Should Love Index Funds).
Canada has one of
the highest mutual funds fees in the world.
In Canada, we have some of
the highest mutual fund fees in the whole world.
man, and canada is supposed to have
the highest mutual fund fees in the world, even leaving the US behind in that regard.
«Why do Canadians pay
the highest mutual fund fees in the world?»
Mutual funds are a great place for investors to get started, but not if Canada continues to have
the highest mutual fund fees in the world.
Although mutual funds are extremely popular in Canada, investors need to do a better job understanding
the high mutual fund fees that they are paying.
Below average returns result from transaction fees or
high mutual fund fees.
Last week, I wrote about findings from a recent Morningstar Inc. report detailing that Canada has, on average,
the highest mutual funds fees in the world.
Since I'm a big believer in keeping costs low (for my thoughts on the issue, see How
High Mutual Fund Fees Can Cost You Millions (Another Reason You Should Love Index Funds)-RRB-, this chapter was a natural fit.
The awareness of Canada's
high mutual fund fees and how those can impact performance is spreading, as is interest in investing in index funds and ETFs.
It is true that it is hard for investors to succeed while paying sky -
high mutual fund fees.