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.

Copyright 2003 Thomson Media Inc. All Rights Reserved.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.