- Biggest retirement concern? Running out of money, according to 46 per
cent of survey respondents -
TORONTO, Jan. 30, 2013 /CNW/ - Canadian investors are more certain of
their investment personality traits in 2013 and greater numbers are
open to taking risks, according to Franklin Templeton Investments'
The January 2013 survey found that 82 per cent of investors identify
themselves as having a specific investment personality, up from 68 per
cent in 2009. The percentage of investors who identify themselves as
'risk-taking' has increased to 14 per cent, up from a relatively steady
eight per cent in the past four years*.
"Canadian investors are becoming more confident and open to taking risks
than at any time since Franklin Templeton started its investor
personality research in 2009," said Don Reed, president and CEO of
Franklin Templeton Investments Corp.
The survey hosted on the Angus Reid Forum also found that 46 per cent of
investors are worried about running out of money in retirement. Only 11
per cent have no financial concerns about retirement.
"Since 2008, many people have moved their retirement savings into
low-yielding bonds and cash, so any investment growth has lost out to
inflation," said Mr. Reed. "To help grow their RSP, Canadians need to
invest in the equity markets over the long-term. One way to get back
into the markets is to dollar-cost average into an equity mutual fund
or balanced fund."
The survey also found:
More men identify themselves as opportunistic, risk-taking or analytical
at 47 per cent than women at 35 per cent.
On a regional basis, Albertans are the biggest risk-takers at 20 per
cent, while Ontarians and Quebeckers are more risk-averse at 13 per
Men are significantly more risk-taking (18 per cent) than women (10 per
People are less worried about running out of money in retirement once
they are aged 55 or over (34 per cent) compared to those aged 35 - 54
(53 per cent) and 18 - 34 (56 per cent).
On a regional basis, British Columbians are highly likely to have
financial concerns about retirement at 90 per cent, compared with
Quebeckers who were the least concerned at 86 per cent. Albertans were
most concerned about running out of money in retirement at 51 per cent,
while British Columbians were the least concerned at 40 per cent.
English-speaking Canadians are more likely to have financial concerns
about retirement (90 per cent) than their French-speaking counterparts
(83 per cent).
When it comes to thinking about their retirement savings and
investments, almost three-quarters (73 per cent) have little or no
About the survey:
From January 15 and 16, 2013, an online survey was conducted among 946
randomly selected Canadian adults who currently invest in stocks, bonds
or mutual funds or have done so in the past five years, and who are
Angus Reid Forum panelists. The margin of error which measures sampling
variability is +/- 3.05%, or 19 times out of 20. The results have been
statistically weighted according to the most current education, age,
gender and region census data. Discrepancies in or between totals are
due to rounding.
*From 2009 - 2012, an online survey was conducted each year among about
1000 randomly selected Canadian adults who currently invest in stocks,
bonds or mutual funds, or have done so in the past five years, and who
are Angus Reid Forum panelists. Questions are tracking and data is
About Franklin Templeton Investments:
Franklin Resources, Inc. [NYSE: BEN] is a global investment management
organization operating as Franklin Templeton Investments. Franklin
Templeton Investments provides global and domestic investment
management solutions managed by its Franklin, Templeton, Bissett,
Mutual Series, Fiduciary Trust and Darby investment teams. The San
Mateo, CA-based company has more than 65 years of investment experience
and over US$781 billion (over C$776 billion) in assets under management
as of December 31, 2012.
Franklin Templeton Investments Corp. has more than 600 employees
providing services to more than one million unitholder accounts and
more than 200 pension funds, foundations and other institutional
investors. Additional information on Franklin Templeton Investments
Corp. can be found at www.franklintempleton.ca.
SOURCE: Franklin Templeton Investments Corp.
For further information:
Sarah Kingdon, Corporate Communications, Franklin Templeton Investments, 416.957.6191
Debra Chan, Argyle Communications, 416.968.7311 ext. 229