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Cumming’s report: Mutual Fund Fees Research

  • Securities - CSA Image

Oct 22, 2015

On October 22, 2015, the Canadian Securities Administrators (CSA) released the report "A Dissection of Mutual Fund Fees, Flows and Performance," by Douglas Cumming, a finance professor at the Schulich School of Business at York University in Toronto. The report assesses whether sales fees and trailing commissions influence mutual fund sales.

The report analyzes Canadian mutual fund data on fund fee structures, fund flows and fund performance. The data in the study was gathered with a view to better informing academics, practitioners and policy makers about the relationship between specific types of mutual fund fees and flows, and how fees and flows are related in conjunction to fund performance. As such, the report provides an empirical assessment of the possible and often debated conflicts of interest in respect of different types of fund fee structures in the Canadian mutual fund industry.

Review the press release and the report on the OSC's Web Site.

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