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Posted by Afterwards Hilarity Ensued on December 10, 2006, 9:36 am
>
>> I've been trying to find out why. I found some decent performing funds
>> with 15 year+ histories that fit my risk aversion but all these funds
>> around between 1.25% and 2.0 MER. Most balanced funds that fit my
>> potential tastes are in the 2.3% to 2.6% range
>
> I believe it has a lot to do with the lax regulatory environment in
> Canada. Investment scams run rampant, especially in the Vancouver, BC,
> area where I live, and the government does not seem to be capable of
> shutting them down. The lax regulation and lack of concern for small
> investors spills over into legitimate business, and nobody seems too much
> concerned that mutual funds have high fees compared to the USA. So the
> short answer is that companies charge high fees in Canada because they can
> get away with it.
I'm here in Ontario. Is it true we've got the toughest of the weak
regulatory commissions then?
I also thought with the large public employee pension plans if that takes a
greater share of Canadian investments leaving less for other firms to get..
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