Darren Calabrese / Postmedia News
Author Gordon Pape shows his latest book. Many mutual funds have performed relatively poorly since the opening of the 21st century. Two stock market crashes will do that.

POSTMEDIA (DARREN CALABRESE/NATI | Enlarge

Darren Calabrese / Postmedia News Author Gordon Pape shows his latest book. Many mutual funds have performed relatively poorly since the opening of the 21st century. Two stock market crashes will do that.

Mutual fund ELEPHANT under fire

On the face of it, the mutual fund industry hardly looks like one that needs defending.

According to the latest figures from the Investment Funds Institute of Canada (IFIC), member companies had assets under management of $772.6 billion as of the end of November. Since many fund companies -- including some ...

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