News Flash - Investor Focus Moves From Growth to Guarantees
August 25, 2003
The three-year bear market and unemployment have caused investors to be less concerned with growing their portfolio than merely protecting their assets, a John Hancock Financial survey shows. And this focus is likely to continue for some time to come. Seventy-six percent of the 600 people interviewed said they are more conservative today and 73% said they are unlikely to invest in a product that runs the risk of losing money. Nearly three-quarters, 72%, said they expect to continue this mindset even once the economy recovers, and 63% said they are more focused on asset protection than on growth.
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