TORONTO, Jan. 7, 2021 /CNW/ - Results of the Scotia
Global Asset Management Investor Sentiment survey, released today,
indicate that investors' optimism has increased significantly since
early in the pandemic, particularly among Canadians who have met
with an advisor.
The Scotia Global Asset Management Investor Sentiment Index,
which measures investors' optimism based on the survey, spiked to
117 in November from 100 in May, and is even higher at 130 among
those who have met with an advisor during that period relative to
the total in May.
"COVID-19 has been challenging for Canadians on so many levels,
and it is easy to be swayed by negative news events. 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," says
Neal Kerr, Head, Scotia Global Asset
Management (Canada).
As many as 82% of Canadian investors who met with their advisor
in the past six months say their advisor has made them feel
confident about their investments, according to the survey. In
comparison, only 56% of those who did not meet with their advisor
during that period felt confident.
80% of those surveyed who met with their advisor during
that period agreed their advisor keeps them on track to meet their
financial goals, regardless of what is going on in the markets.
The survey also finds that among those who met with their
advisor in the past six months:
- 85% are satisfied with how their advisor has handled their
investments
- 85% are satisfied with how their advisor has communicated with
them
- 85% find recommendations by an advisor important when choosing
an investment product
- 90% are very or somewhat confident in their ability to fund
their retirement
"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," says
Mr. Kerr. "Financial advisors are working tirelessly to help
clients navigate investment markets and remain on track with their
long-term goals."
About the Investor Sentiment Survey
The Scotia Global Asset Management Investor Sentiment survey was
conducted by Environics Research November
10-19, 2020. The online survey included 1,024 Canadians, 25
years of age or older with household investable assets of
$25,000 or more and who participate
in investments decisions for their household. The data was weighted
by age, gender and region and household investable assets to
reflect the population.
About Scotia Global Asset Management
Scotia Global Asset Management is a business name used by 1832
Asset Management L.P., a limited partnership, the general partner
of which is wholly owned by Scotiabank. Scotia Global Asset
Management offers a range of investment management solutions,
including mutual funds and ETFs, for retail investors, private
clients, and institutions.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, their families
and their communities achieve success through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of over 90,000
employees and assets of approximately $1.1
trillion (as at October 31,
2020), Scotiabank trades on the Toronto Stock Exchange (TSX:
BNS) and New York Stock Exchange (NYSE: BNS). For more information,
please visit http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank