Knowledge of responsible investing is still relatively low: half of ETF investors and just one third of mutual fund investors said they have some knowledge, and some investors were unsure whether they have any responsible investments in their portfolios.
Inflation has had an impact on investing with half of investors saying they are investing less than usual.
Both mutual fund and ETF investors reported lower inclusion of stocks in their portfolios this year and use of ETFs among mutual fund investors has also declined.
ETF investors have increased their use of GICs and also reported slightly higher inclusion of cryptos.
“The Pollara investor survey has become an increasingly valuable tool to test regulatory assumptions about the value of advice and to better understand how investors view it,” said Paul Bourque, President and CEO, IFIC. “We are particularly pleased to see that the vast majority of investors feel that the advice they receive is worth the fees, and that investors feel more confident about reaching their investment goals when using a financial advisor.”
