TORONTO, Feb. 4 /CNW/ - As investment experts and analysts try to anticipate how 2011 develops
in regards to the markets and the economy, it appears that investors
are also in wait-and-see mode.
"According to the Russell Financial Health Index (RFHI), investors'
confidence in their financial health remained just about even," says
Fred Pinto, Managing Director of Distribution Services at Russell
Investments Canada Limited.
The RFHI, based on an online calculator that gauges the overall
financial health of Canadian investors, current stands at 48 points.
The RFHI was at 48 points the last time it was measured in the third
quarter of 2010 and was at 51 points at the start of last year (higher
points indicate greater financial optimism).
"The lack of change in investor confidence is common at this time of the
year, due to a lack of major economic or market indicators pointing
investors in a certain direction. This is where the value of a trusted
advisor and expert investment advice comes in handy," explains Pinto.
The RFHI was able to identify investors' areas of financial concern on a
more personal level. According to the RFHI, the three greatest
financial concerns for Canadians relate to:
Having sufficient income for a desired lifestyle
Having a reliable source of income
Leading a active and healthy lifestyle in retirement
The issue of having a tangible, realistic financial plan was the fastest
growing concern. Maximizing the tax-efficiency of investments was also
listed as a growing issue for Canadians.
The RFHI allows investors to compare their financial health to Canadians
across the country and is available in English and French at: www.myfinanciallyhealthyretirement.com.
To learn more about the Russell Financial Health Index and its results,
please contact Thien Huynh at:
About the Russell Financial Health Index
The Russell Financial Health Index gathers its data from a confidential
web survey, which takes approximately five minutes to complete. Based
on a user's answers, a Financial Health Score is assigned, which can be
measured against the scores of other Canadian investors who have used
Each score is a result of analyzing variables that include physical
health, personal finances, unexpected events and financial planning.
Respondents are also asked questions related to how prepared they feel
to ride out changes in their long term investment performance before
and during retirement.
Findings from the Index will be used to assess and report findings, on a
quarterly basis, about how Canadians perceive their financial health,
as they deal with different economic environments and changes in their
About Russell Investments
Founded in 1936, Russell Investments is a global financial services firm
that serves institutional investors, financial advisers and individuals
in more than 40 countries. The firm has C$153.2 billion in assets under
management (as of September 30, 2010) in its mutual funds, retirement
products, and institutional funds.
Russell Canada was recently named the #1 fastest growing money manager
in Benefits Canada's 2010 Top 40 Money Managers Report. For more information about how Russell helps to improve financial
security for people, visit us at www.russell.com/ca.
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