Protégez-Vous journalist Frédéric Perron asked FAIR Canada to review the monthly statements of 10 different financial institutions to gauge the quality, quantity and usefulness of information provided to mutual fund and segregated fund investors. Information considered most useful included: (a) amount invested at outset, (b) performance of investment compared with a specified benchmark, (c) cost of fees over course of the investment, (d) impact of fees on investment returns, and (e) overall rate of return of investment, net of fees. That information was not provided in the majority of the statements reviewed.
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