Personal Wealth Benjamin Felix Canadian Fund Fees Lead to Poor Performance PWL Capital 2017-04-21T10:00:20 April 21, 2017 Canadian mutual funds have performed poorly over the last ten years, according to a new report from Standard and Poor’s. The data shows that most equity funds in Canada have failed to match the performance of their benchmark index. In 2015, Canada was found to have the highest mutual fund fees in the world. It should come as no surprise, then, that more Canadian funds have trailed their benchmarks than comparable funds in other developed countries. Domestic Equity and US Equity funds in Canada fared far worse than funds in those same categories in the U.K., Japan, Australia, and the U.S.