Canadian investors are paying the highest mutual-fund fees across 18 major nations, reports The National Post. They're paying twice as much in fees as American investors, according to a preliminary academic study in circulation.

As a result, Canadians are bypassing advisors to embrace low-fee mutual funds sold directly to consumers, or buying index funds or exchange-traded funds at discount brokers. Advisors in Canada require a 0.5% annual trailer fees.

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