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    "The rise of ETFs is making life miserable for Canada’s mutual fund industry" - G&M

    @resjudicata It is the fees that kill you. Each 1% MER cuts into roughly 20% of total profit. Buy a 3% mutual fund and you’re looking at over half the profit going to the mgmt of the fund with you putting up 100% of the money and accepting 100% of the risk. It’s disgusting.
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