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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.
 

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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.
 

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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.
 
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