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Your mother asks you to review her mutual fund performance in her RRSP. You find that the fund holdings had a beta of about 1
Your mother asks you to review her mutual fund performance in her RRSP. You find that the fund holdings had a beta of about 1 and an active share near 0 relative to the TMX60 index. The fund reported a total return last year of 8.25% as compared to the TMX60 benchmark that earned 8%. The fund fees included front-end of 1%, a MER of 2% on end of period invested capital as well as 10% on anything above 5% total return. What was your moms performance after fees closest to?
- 4.12%
- 4.68%
- 4.925%
- 5.25%
- 6.25%
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