EWC - High Fees And Risky Bets Not In Best Interests Of Canadians

June, 20 2019 05:12 AM iShares MSCI Canada Index Fund

Andrew Coyne points out some startling figures about the Canada Pension Plan, on which the majority of Canadians depend for retirement income. See "Canada Pension Plan gets lucky with active management, for now." Here are some key takeaways:

Switching to a new "active" management strategy in 2006, the number of Canadian Pension Plan Investment Board (CPPIB) employees has risen tenfold over the last 13 years (from 164 in the year ended March 31, 2006, to 1,661 in fiscal 2019).
Transaction costs and management fees are now 17x and 44x what they were under

Company Name:	iShares MSCI Canada Index Fund
Stock Symbol:	EWC
Market:	NYSE