INVESTORS GROUP RELEASE 10TH ANNUAL FINANCIAL ATTITUDE SURVEY RESULTS
By Adnews Staff
Investors Group of Winnipeg, the personal financial planning services group, has learned Canadians have become lifelong investors in the 90s with the results of is 10th annual Investors Group/Gallup Canada Survey. The survey, of 1,003 adults, was conducted between May 14 and 23, about the financial attitudes of Canadians. The results of the survey found that neither market volatility or potential Y2K problems are deterring Canadians from their investment strategy. Seventy-two point six per cent stood fast against the market's ups and downs while only 8.2 per cent chose to redeem part or all of their investments. Three-quarters of those surveyed said they are taking no action to deal with the possible impact of Y2K, while 10.6 per cent said they intend to withdraw some money prior to year-end. Six per cent will make changes to their investment portfolio and only 3.6 per cent will redeem part of all of their investments. Participation in investment products during the 1990's has grown including: RRSP's rising in use to 61.4 per cent, mutual funds rising by 168 per cent and ownership in stocks and bonds increasing by 69 per cent. One in three Canadians also now has a written financial plan to guide their investing. "In a decade of interviewing Canadians about their financial behavior and their opinions on investing and saving for retirement, they have seldom been so well informed and confident as they are today," Investors Group, senior vice president, marketing, Sandra Metraux said. PR for the Investors Group is handled by Argyle Rowland Worldwide of Toronto.