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At the end of February, 2013, investments in Canadian companies accounted for 58 per cent of all equity mutual fund money invested by Canadians, according to the Investment Funds Institute of Canada. U.S. equity funds accounted for 11 per cent.
At the end of February, 2013, investments in Canadian companies accounted for 58 per cent of all equity mutual fund money invested by Canadians, according to the Investment Funds Institute of Canada. U.S. equity funds accounted for 11 per cent.
(123render/Getty Images/iStockphoto)

Time is not kind to mutual fund returns

Mutual funds performed well against their benchmark indexes last year, but the longer term remains a challenge – underscoring how difficult it is to triumph with stock-picking, even among the pros.

According to Standard & Poor’s year-end scorecard, released on Tuesday, two-thirds of actively managed Canadian equity mutual funds outperformed the S&P/TSX composite index in 2013, and by a pretty good margin.