Canadians’ investment optimism soars

With growing optimism, investor confidence in Canada improved towards a range of investment vehicles including stocks, fixed income, investment properties and balanced funds, according to the Manulife Investor Sentiment Index.

The survey, conducted in the first quarter of 2011, shows buying a home continues to be a high priority for Canadian investors.

“Confidence in investing in your own home has remained consistently high over the last few years, even as real estate prices continue to climb,” said Paul Rooney, president and CEO, Manulife Canada. “But what we’re seeing now is a more widespread optimism, as balanced funds, which provide a mix of investments, jump into second place.”

The Index rose to +28 in March, up from +20 in December, the highest level it’s reached since March 2010, when it was +33.

When all avenues look promising it can be challenging for investors to determine which investment vehicles are the right ones for them, added Paul while encouraging investors to work closely with an advisor and stick to a financial plan.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.