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Mutual funds

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Confidence in mutual funds continues to rise, says IFIC

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Mutual funds (78 per cent) now rival primary residences (79 per cent) as the investments in which investors have the greatest confidence, according to a survey of mutual fund investors in Canada.

The survey, conducted by Pollara for the Investment Funds Institute of Canada, also reveals that the majority of mutual fund investors (85 per cent) purchased their last mutual fund from an adviser.

Three-quarters of investors (76 per cent) say the main purpose of their mutual fund investments is to fund retirement.

The majority of mutual fund investors (87 per cent) have confidence that their retirement finances will allow them to live the life they plan in retirement.

“Canadians have spoken and they have told us that they have confidence in the mutual fund product, the advice they are receiving, and their ability to save for retirement,” says Joanne De Laurentiis, IFIC president and chief executive officer. “The survey results show the overall value the industry provides to Canadians in terms of providing them with the confidence, information, and support they need to make investment decisions that suit their individual circumstances.”

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