For the 10-year period ended December 31, 2007, the Phillips, Hager & North (PH&N) Canadian Equity Fund had a compound annual return of 11.3% whereas the PH&N U.S. Equity Fund had a compound annual return (after converting to Canadian dollars) of 1.3%. How much more would an initial $1,000 investment have earned over the 10-year period in the Canadian Equity Fund than in the U.S. Equity Fund?

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The Answer of For the 10-year period ended December 31, 2007, the Phillips, Hager & North (PH&N) Canadian Equity Fund had a compound annual return of 11.3% whereas the PH&N U.S. Equity Fund had a compound annual return (after converting to Canadian dollars) of 1.3%. How much more would an initial $1,000 investment have earned over the 10-year period in the Canadian Equity Fund than in the U.S. Equity Fund?

For the 10-Year Period Ended December 31, 2007, the Phillips