The Canadian Securities Administrators (CSA) today published the Mutual Fund Fee Research report prepared by The Brondesbury Group (the Brondesbury Report). This research follows a December 2012 CSA Discussion Paper that identified potential investor protection issues arising from Canada's current mutual fund fee structure as well as extensive stakeholder consultations in 2013.
The Brondesbury Report, the forthcoming research by Professor Douglas J. Cumming at York University and the comments received during the stakeholder consultations will be considered in the CSA's determination of whether to effect certain policy changes.
The research report by Professor Cumming, who collected and is reviewing data to examine whether sales and trailing commissions influence mutual fund sales, is expected to be completed and made publicly available this summer.
For further information, please consult the CSA’s press release on the report.