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STRATEGY LAB : Two ways mutual fund investors get burned
Feb 3, 2017 - The Globe and Mail (Canada)

Burton Malkiel, author of A Random Walk Down Wall Street, says that trying to pick winning mutual funds is like running an obstacle course through hell's kitchen.

Two types of flames burn these investors. Fees scorch them first. The second fire comes when we chase our own tails.

According to SPIVA Canada, none of Canada's actively managed U.S. stock-market funds beat the S&P 500 index during the five-year period ended June 30, 2016. Measured in Canadian dollars, the index gained an a

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