Canadian mutual fund assets totaled $1.6 trillion in 2019. They are by far the vehicle of choice for Canadian retirees even though only a very small percentage of funds outperform their respective benchmark. How does the investment industry pull this off?
This guide provides answers to these and other questions and outlines the mistakes you should aim to avoid when investing in mutual funds:
1) What are the main conflicts of interest present in mutual funds?
2) Why mutual funds underperform?
3) What are the hidden fees and how do they impact performance?
4) What are the alternatives to mutual funds?