The Surprising Truth About CIBC’s Best Mutual Funds

It’s easy to imagine CIBC’s financial advisors recommending their firm’s actively managed funds. 

They charge higher fees than their indexed, passively managed products.  Higher fund costs are better for banks, but not for investors. 

That said, CIBC’s standard indexes are expensive, carrying costs exceeding 1% each year.

Does this mean they underperform CIBC’s actively managed products?  Embarrassingly for CIBC, they don’t – because their active funds cost even more. 

You can read about it in my article for the Globe and Mail.


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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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