[MoneyGal]

Here's a link to the report, just released: http://corporate.morningstar.com/us/documents/ResearchPapers/MRGFI.pdf

The report covers a lot more than just costs and fees, but it is very notable that of all the geographic areas surveyed in the report, Canada scores the lowest on these points.

Worth a read if you want to understand how the current MF industry is regulated and to learn more about the experiences of Canadian investors.

 

[The_Number]

Thanks, MoneyGal, for the link.

I am not surprised at all by Canada's falling grade on fees. I literally noticed the difference when I first came here, and I couldn't believe what they are charging for a simple index fund.

 

[CanadianCapitalist]

I didn't get a chance to read the report yet but I agree with the conclusions. It is disheartening that even giant funds cost upwards of 2.5% for nothing more than closet indexing. I hope Canadians wake up to the fact that so much wealth is leaking out of their pockets into that of giant mutual fund companies.

 

[Jon Chevreau]

Here's my version that appeared in various Canwest papers today: http://www.financialpost.com/person....html?id=be95226a-de66-42ef-8fd8-5ac8a85d990e

Additional input in today's blog at http://network.nationalpost.com/np/...16-countries-canada-flunks-for-high-fees.aspx

 

[Rickson9]

As an aside Morningstar.com is one of the best sites for free historical financial statements for all U.S. stocks. I use it all the time.

A snapshot of The Buckle. Financial statements so simple a child could read it.
http://quicktake.morningstar.com/StockNet/Income10.aspx?Country=USA&Symbol=BKE