Mutual funds a popular RRSP choice
Registered Retirement Savings Plan (RRSP) season is upon us and there are a wide range of investment options available from which to choose.
So how do you plan on making these important investment decisions?
Well, one of the more popular investment choices seems to be mutual funds for RRSPs, according to a new report by BMO Bank of Montreal.
The study revealed that 72 per cent of Canadians say they hold mutual funds within their RRSP, and that mutual funds make up about one-third (31 per cent) of all holdings held in RRSPs.