If you are like many Canadian investors, your RRSPs, TFSAs, personal or corporate non-registered investment portfolios may hold a number of mutual funds recommended by your financial advisor.
They may have told you that by holding a variety of mutual funds, you are well diversified and have not given it another thought (other than to make sure it is performing).
However, you may be less diversified than you think. You may own two or more Canadian mutual funds managed by different mutual fund managers, each working for different mutual fund companies.
Continue reading “Are You a Victim of Investment Duplication and Closet Indexing?”
