Wealth

High Fees

Are you paying too much in fees for your portfolio? According to a report from the C.D. Howe institute, Canadians are losing out because of excessive fees for underperforming mutual funds.

According to the report, the problem is that so many many retail investors rely on mutual funds — mainly stock funds — to manage their personal retirement savings.

Canadian mutual funds have been criticized for charging the highest fees in the world, particularly at a time when many stock fund returns underperform the benchmark S&P/TSX composite index.

Over the three years ended 2007, only 13.3% of stock funds outperformed the benchmark index. Given that fees usually add up to between 2 and 4% of an individual’s retirement assets a year, that takes a big chunk out of the typical Canadian household’s savings. So before you make an investment, pay close attention to how much it will cost.

Listen on the Go

Download Apps
Download Apps
Download Apps
Request
Anti Noise Pollution
Film Reviews with Marc Glassman
Request
Sister Station - Zoomer Radio

Recently Played