- In a recent column titled The buy-and-hold Dirty Dozen, Globe and Mail columnist Rob Carrick highlights the challenges faced by investors in picking the right mutual fund. Let’s say that 10 years back, you picked the TD US Equity fund to capture exposure to the US market. You would have earned an annualized return of 1.89% compared to 6.93% for the Wiltshire 5000. The list also provides a nice illustration of the pitfalls of chasing a hot sector whether it is Asian equities or technology funds.
- Jonthan Chevreau reviews Unconventional Success favourably in today’s Financial Post. The book is a stinging critique of the mutual funds business and my favourite part of the book is the discussion on core and non-core asset classes.
- A reliable indicator that a trend in the financial markets is already over is the introduction of new products that take advantage of it. A number of new Internet funds were introduced just as the dot-coms were peaking. Perhaps the number of new funds that hedge currency exposure is a sign that the Canadian dollar has already peaked, as Ellen Roseman of the Toronto Star points out in her column.
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