Mutual Funds: Obsolete?
Dec 20th, 2006 | Filed under: Retail InvestingBy: Jonathan Chevreau, National Post (Canada)
Published: December 20, 2006
Jonathan Chevreau is a highly regarded and well-known business columnist in the Great White North. In today’s National Post, he picks up on Chet Currier’s musings about the possible “End” of mutual funds. Although Chevreau is a critic of Canada’s “world-beating” mutual fund fees, he still includes the obligatory question mark in the title of this piece (note that Currier included same).
Chevreau cites one analyst whose thinking is remarkably closely aligned with ours:
“Once investors realize mutual funds are essentially “host funds” for an embedded ETF (beta) and an embedded hedge fund (alpha), ‘the pressure on advisors to justify their fees will only increase,’…”
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