PM ...
70% of Canadian managed funds can't beat the very indices they represent AND they charge you 2% to do it.
How many investment advisors have I heard on BNN recently say "They're hurting." Quite a number. If you want to track the TSX index or any other big index, phone Bill Belovay at Jones Heward.
Here's what Jones Heward has on their "Investment Strategy and Process" page:
Jones Heward seeks to achieve consistent, reliable, above average performance through a risk-controlled approach to asset management. Jones Heward seeks to reduce risk through the strategic use of different asset classes, prudent diversification and intensive analysis of individual securities.
Our equity philosophy is based upon investing in companies that create long term wealth. Portfolio risk is diversified, and our commitment to our investment process is maintained, regardless of market trends.
Create long term wealth, eh (very Canadian). We'll meet these investment advisors in 12 months and ask "How's the old portfolio doing? Got back to where you were 12 months ago?"
Perhaps we could invite them to the British Virgin Islands in 12 months while us Notsters enjoy some warm sun and long cool drinks.
Snug
