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Canadians feeling optimistic about their investments despite pandemic

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Canadians feeling optimistic about their investments despite pandemic

How are you feeling about your investments?

A recent survey from Scotiabank indicates Canadians are feeling optimistic about their investments since the onset of the pandemic.

The Scotia Global Asset Management Investor Sentiment Index, which measures investors’ optimism based on the survey, jumped to 117 in November 2020, which is a 17-point increase from May 2020.

Additionally, the index was 130 for those who met with an advisor between May and November.

“COVID-19 has been challenging for Canadians on so many levels, and it is easy to be swayed by negative news events,” Neal Kerr, Head of Scotia Global Asset Management (Canada), said in a news release.

“These results are testament to the critical role financial advisors play in buoying their clients’ confidence—even during a pandemic—and providing the reassurance and peace of mind they need to stay invested to meet their long-term financial goals,” he continued.

Further, according to the release, 82 per cent of Canadians who met with an advisor over the last six months feel confident about their investments, compared to just 56 per cent of those who did not.

“Our core purpose at Scotia Global Asset Management is to enrich our clients’ financial futures with outstanding investment solutions in partnership with comprehensive wealth advice,” Kerr said. “Financial advisors are working tirelessly to help clients navigate investment markets and remain on track with their long-term goals.”

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