returns from the high MER equity mutual funds lagged behind returns from the cheaper index funds, often by a wide margin. The lowest cost fund, TD’s Canadian Index e-Series fund, also happened
Liquidity: Mutual fund shares can be bought or sold easily, offering flexibility to investors. Accessibility: You can invest in mutual funds with relatively small amounts of money. Cons Fees and expenses: Mutual funds often charge management fees and other costs, which can eat into returns. ...
In most cases, withdrawing funds from a GIC before the full term is reached results in penalties. Redeemable GICs are exempted from this rule. How to open a CIBC GIC To open a CIBC GIC, you must meet the following requirements: In most cases, qualified customers can open a CIBC GIC onli...