Going global: Ranga Chand's investment guide to international mutual funds // Review

Going Global: Ranga Chand's Investment Guide to International Mutual Funds has the virtues and vices of its brief 151 pages of analysis and tables. Academic studies of mutual fund performance show that short term performance indicates little more than volatility, i.e., what bounces up this year is likely to bounce down the next. The newness of foreign funds in Canada is therefore Chand's problem. He offers tables of administration costs, short (and for the few funds that have been around long enough), five - and 10 - year surveys.