Mutual Funds: What They Don't Tell You

Date: Monday, June 21, 2004

The Globe and Mail, Canada's National Newspaper,
today launched an extensive investigative report on the Canadian mutual fund
industry. The award-winning reporters of the Globe's Report on Business take a
behind-the-scenes look at some of the questionable practices of the industry
and the costs they impose on the Canadian investor.
    Mutual Funds: What They Don't Tell You - A Report on Business Special
Investigation series begins today with an explosive and highly detailed
examination by Karen Howlett of market timing trading and will run daily in
the newspaper through Saturday. Each day, reporters will examine different
industry issues, including how brokers are compensated, fees, governance
practices and more. They will provide practical explanations and case studies
and they will identify the specific mutual funds and fund families that are
affected most by these issues. The series will be supported by content on
globefund.com, The Globe and Mail's dedicated mutual fund Web site, and on
Report on Business Television. Anyone who owns a mutual fund cannot afford to
miss this series.
    "This is one of the single most important editorial series that the
Report on Business has produced," said Giles Gherson, Editor, Report on
Business. "Mutual funds represent a significant portion of Canadians' savings
and many rely on them as a key part of their retirement plans. The Canadian
investor deserves to know how those funds are being managed and whether their
interests are being protected."
    The Globe and Mail, Canada's National Newspaper, is a division of Bell
Globemedia, a dynamic multi-media company, which also owns CTV Inc., Canada's
number-one private broadcaster.