June 25, 2008 Morning spot

This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.



The latest numbers are out, and mutual fund returns have taken it on the chin, again.



Ninety two percent of Canadian equity funds failed to meet their benchmark for the latest quarter. That means that an investor had only an eight percent chance of beating the index over a three month period…and history has shown that the numbers get worse, the longer the time period that you measure.



Time after time, the story is the same…it is difficult for an investor, or an advisor, to beat the long term return of the market by buying mutual funds.



Fees are the biggest single problem. As your portfolio grows, more opportunities present themselves, to reduce the impact of fees, and improve your odds of generating solid returns for your portfolio.



Have you outgrown your mutual funds?



For a review your portfolio, or a complimentary copy of my CD, visit, www.beyondfunds.ca or call me, Jeff Wareham, at 519 660 3260.

This program is for information purposes only. Fees, management fees, and commissions may be associated with mutual fund investing.

Investors should consult their prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital Inc, member CIPF.