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in si de ha lto n. co m O ak vi lle B ea ve r | T hu rs da y, O ct ob er 18 ,2 01 8 | 22 NEWPATIENTSWELCOME Call Today 905-257-5628 Sigvaris Compression Stockings & CustomMadeOrthotics Diabetic Foot Care &Nail Surgery www.dundaschiropractic.com Trafalgar &Dundas, Longo's Plaza Chiropody (Foot Care & CustomMade Orthotics)Diabetic Foot Care, General Foot Care CustomMade Orthotics Nosheen Chaudhry, B.Sc. D.Ch., M.P.H. Registered Chiropodist Compression Stockings & CustomMadeOrthotics Diabetic Foot Care &Nail Surgery Nosheen Chaudhry Registered ChiropodistNosheen Chaudhry Registered Chiropodist www.dundaschiropractic.com 905-257-5628 Trafalgar &Dundas, Longo's Plaza Sore Feet/Arch/Heel? Ingrown Toenails? PlantarWarts? Hard to Cut Toenails? Corns/Calluses? Sore: Feet St. Joseph's Ukrainian Catholic Church 300 River Oaks Blvd. East (at Trafalgar) Oakville ON 905.337.1400 ext 116 cafe@sjucc.ca www.terracetakeaway.ca The investment of choice for most Canadians is mutual funds. If you own a mutual fund, this column might be of partic- ular interest. There are endless num- bers of mutual funds to choose from and most in- vestors are aware of that. What most investors are not aware of is how often mutual funds are closed down. When a mutual fund is closed those assets are transferred to another mutual fund. Your invest- ment remains but it does so in a different mutual fund. fund. f We know from researchWe know from researchW done at the University of Chicago that mutual funds with a poor perfor-funds with a poor perfor-f mance record are the funds most likely to disap-funds most likely to disap-f pear. This topic has been discussed in past col- umns. Just think if we had that luxury when we were in school. Perform poorly on a few subjects and then just eliminate those sub- jects from your tran- script. According to Standard and Poor's Index Verus Active (SPIVA) Canada scorecard from year- end-2017, mutual funds disappear at a fairly high rate. Standard & Poor's re- port, titled "Survivor- ship," provides the details. After five years slightly over half of Canadian funds disappeared. Fundsfunds disappeared. Fundsf operating in the United States had over a quarter of those funds disappear after five years. Most people hear the importance of investing for the long-term. That be-for the long-term. That be-f comes more difficult when the underlying funds you invest disap-funds you invest disap-f pear at an alarming rate. That makes it difficult to monitor the long-term performance success of fund managers and fundfund managers and fundf companies that offer a large selection of funds. Fund reporting might convey attractive perfor- mance figures. The obvi- ous conclusion is the fund manager has expertise, therefore you might con- sider investing your mon- ey there. Historic performance results are meaningless unless you are able to view the results of all funds managed during that peri- od. An investor deserves to see the performance re- sults of all funds, includ- ing those with poor per- formance that have beenformance that have beenf pulled from the market. Peter Watson is an agent of, and securities products are provided by, Aligned Capital Partners Inc. (ACPI). ACPI is a member of the Investment Industry Regulatory Or- ganization of Canada (IIROC) and the Canadi- an Investor Protection Fund (CIPF). The opin- ions expressed are those of the author and not neces- sarily those of ACPI. Peter Watson provides wealth management services through Peter Watson Investments. MUTUAL FUND SURVIVORSHIP OPINION YOUROPINIONS SIGN UP FOR OUR WEEKLY NEWSLETTER AT INSIDEHALTON.COM 'AN INVESTOR DESERVES TO SEE THE PERFORMANCE RESULTS OF ALL FUNDS,' WRITES WATSON PETER WATSON Column