La Cible

Mai 2021

La Cible, magazine officiel de l’IQPF, est destinée aux planificateurs financiers et leur permet d’obtenir des unités de formation continue (UFC). Chaque numéro aborde une étude de cas touchant les différents domaines de la planification financière.

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Page 32 of 33

33 FEATURE ARTICLE active management in terms of return. That said, it's important to pay attention to the following points: - Passive management using EFTs risks generat- ing management fees. Do these fees erase the gain? - Return is important, but the advice of a finan- cial planner or tax specialist must be taken into consideration. These services are gener- ally offered to high-value clients. Their fees are therefore included, in a way, in the offer of the financial institution that is offering the mutual funds. - Are independent investors who decide to in - vest in EFTs in order to pay less in manage- ment fees making the right decisions for their investments? What about the diversification of their portfolio? Or their retirement planning strategy? Or their tax strategy? The debate between active and passive manage - ment is still open, and it's up to investors to choose. Report 1: Percentage of Funds Underperforming Their Benchmarks FUND CATEGORY COMPARISON INDEX 1-YEAR (%) 3-YEAR (%) 5-YEAR (%) 10-YEAR (%) Canadian Equity S&P/TSX Composite 87,50 91,07 98,63 84,29 Canadian Small-/MidCap Equity S&P/TSX Completion 22,22 70,59 91,43 65,31 Canadian Dividend & Income Equity S&P/TSX Canadian Dividend Aristocrats Index 44,19 76,92 84,91 90,63 U.S. Equity S&P 500 (CAD) 69,07 83,49 89,08 95,15 International Equity S&P EPAC LargeMidCap (CAD) 60,00 69,64 77,61 84,48 Global Equity S&P Developed LargeMidCap (CAD) 77,78 85,19 90,45 94,19 Canadian Focused Equity 50% S&P/TSX Composite + 25% S&P 500 (CAD) + 25% S&P EPAC LargeMidCap (CAD) 70,69 90,91 94,44 96,88 Source: Table 2

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