Mutual funds lead the way when it comes to investor confidence, says the Investment Funds Institute of Canada (IFIC). Its ‘2014 Canadian Investors Perceptions Of Mutual Funds And The Mutual Fund Industry’ survey also shows investors are looking for choice when it comes to paying for advice. “Again this year, Canadian mutual fund investors have expressed higher confidence in the ability of mutual funds to achieve their financial goals than in other products tested,” says Joanne De Laurentiis, IFIC president and CEO. “Confidence in mutual funds has continued to improve steadily since 2009 and is now again in line with the confidence levels of 2006.” In the 2014 survey, mutual funds achieved an 85 per cent confidence level compared with 65 per cent for stocks, 64 per cent for GICs, 55 per cent for bonds, and 34 per cent for ETFs.
245 Fairview Mall Drive, Suite 501, Toronto, ON M2J 4T1