Why do actively managed mutual funds under perform their respective indexes? Mark Hulbert writes in The New York Times that according to recent research, it is due to successful funds attracting too much new money swamping the fund manager’s stock-picking ability.
The Globe and Mail’s Rob Carrick writes about two conflicting studies: one reporting that 37% of homeowners aged 55 and older are carrying a mortgage and the other claiming that Canadians need to save even more for retirement than previously thought.
The Money Diva is hosting the next stop of the Canadian Tour of Money Blogs. I will be submitting a post for the tour and will be hosting the tour on Tuesday, May 22nd.
Vancouver-based Lululemon Athletica, which announced that it is going public, is likely to be this year’s hot IPO. The offering price has not been set but the application indicates that it will seek to list on the NASDAQ (Ticker symbol LULU) and TSX (Ticker symbol LLL).