Costs associated with your mutual fund

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

Volatility continues to plague equity markets. In challenging markets, it is difficult to look at the details, but I encourage you to look into the costs associated with your mutual funds. Most mutual funds have not stood up well through the current market downturn. Canadians pay the highest management fees in the world, and the impact is pretty dramatic. Approximately one quarter of the long term return of equity funds is lost to management fees. Mutual funds definitely have their place, but I encourage you to consider if you are getting what you pay for.
Now is the perfect time to ask “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