But with 300 or 500 companies, it's guaranteed there will be both. In the end, with this hodgepodge of companies, an index fund, in terms of quality ends up being a mediocre investment. And, hold for the long term. If this straightforward discipline is followed, the results will be well worth the extra management fees paid by the investor. Contrast this with AIC's 250 times higher fees.
Guest Appearance is an occasional series of solicited articles from investment professionals.
Bylo Selhi is a Toronto-based fund industry gadfly and proprietor of a website for smart Canadian mutual fund investors. Bylo Rebuts is an occasional series of articles that debunk misguided investment professionals.