You might be further amused by a study that was released in the business media here in Canada last week. Gasoline to the indexing fire...
Fund management performance in Canada has just hit a new low - The Globe and Mail
"""By at least one measure, active fund management in Canada has hit a new low.
A new report shows that the number of Canadian funds focused on U.S. large-cap stocks that outperformed the index over the past five years was precisely zero.
Not a single Canadian manager investing in U.S. stocks delivered higher returns than the S&P 500 index over that time, according to S&P Dow Jones Indices.
“The numbers are ugly. There isn’t any other way to describe it,” said Dan Hallett, vice-president of HighView Financial Group.
“The S&P 500 is a much harder index to beat,” he said.
But, he added, “I can’t remember it ever being that bad.”"""