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A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading this morning on the Web

In a remarkable feat of probability-defying industry incompetence, not a single large cap U.S. equity fund available in Canada beat the index over the past five years. I understand that the environment has been difficult for portfolio managers – the usual forms of risk management limited returns – but there’s hundreds of funds and someone should have beat the benchmark, even if by accident.

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