TORONTO, March 3 /CNW/ - In a poll prepared on behalf of BNN, 65% of
Canadian Chartered Financial Analysts (CFA) described investor sentiment as
decidedly bearish. Another 32% thought investor sentiment was flat. Only 3%
reported their clients were bullish on RRSP investments.
Biggest concerns expressed by individual investors were market
volatility, uncertainty and the fortunes of the U.S. economy. To quote one
respondent, "Market volatility is a huge concern. As a result, most investors
are sitting on the sidelines, preferring to be in cash versus investing in the
"Individuals are unsure in which direction to turn. There are no returns
from GICs and fixed income; equities are so volatile it is making it very
difficult to make comfortable investment decisions. Personal investing isn't
as much fun as it used to be," another CFA charterholder writes. "Working for
a discretionary investment management firm, I find that clients are more
willing to depend on our firm's expertise to manage their investments and
their retirement funds for them in these uncertain times."
This first ever national poll of CFA charterholders reveals intimate
insights into investor behaviour. The 1,770 investment professionals that
participated in the poll are thought to be more aligned with their client's
needs and aspirations due to their extensive market knowledge.
While investors do not appear to be maximizing their RRSP limits
(according to 52% of CFA charterholders), they are expressing more active
interest in both green and ethically based investment vehicles.
Key poll results:
1. How would you describe investor sentiment this RRSP season?
2. Are investors maximizing their RRSP contribution limits?
Don't know 29.7%
3. Do you believe that investors are aware there is no longer a foreign
Don't know 11.5%
4. What asset class should investors favor?
Fixed income 9.8%
Don't know 6.6%
5. Are more investors paying attention to "green" or "ethical"
Don't know 18.6%
About the poll: The poll was conducted via electronic survey, and was
in-field from February 14th until February 20th, 2008. All 12 Canadian CFA
societies participated as follows: Atlantic, Quebec City, Montreal, Ottawa,
Toronto, Winnipeg, Saskatchewan, Edmonton, Calgary, Okanagan, Vancouver and
Victoria. Total number of responders is 1,770 out of 10,373 Canadian CFA
charterholders; response rate 17.1%.
Toronto CFA Society is a not-for-profit organization supporting
professional development and advancement of CFA(R) charterholders. The society
provides member services including educational programmes, sponsored events,
job postings and networking opportunities.
Founded in 1936, the Society is affiliated with CFA Institute, the global
body that administers the Chartered Financial Analyst curriculum and sets
voluntary, ethics-based performance-reporting standards for the investment
industry. With over 6,800 members, Toronto CFA Society is the 2nd largest in
the world, after New York City.
For more information, please refer to www.torontocfa.ca
For further information:
For further information: NOTES FOR MEDIA: If you would like qualitative
comments and more details on the concerns expressed by individual investors,
please contact Sara Maginn Pacella at (416) 366-5755 x225 or