Despite the fact that only 10% of Canadian mutual fund categories were in positive ground in the second quarter, investor confidence hit a five-year high. According to Morningstar Canada, only those linked to real estate, U.S. money markets and Canadian money markets were up: by 3.5%, 0.7% and 0.6%, respectively. Worst performers were science and technology, down 12%. Still, the Manulife investor sentiment index rose four points to a five-year high. “Canadians generally remain unmoved from their long-term goals, despite major international incidents, market swings and more recently higher energy prices,” Bruce Gordon, a senior executive v.p. at Manulife, told the Canadian Post.
