Investor sentiment has had its highest spike in five years, according to Manulife’s most recent Investor Sentiment Index released Monday.

The semi-annual survey, conducted by Environics Research in May, reveals that Canadians have increased confidence in nearly all investment types. The highest growth of optimism was in stocks and fixed income, both of which climbed 10 percentage points in the last six months.

“Optimism is growing amongst Canadians when it comes to investing,” Philip Petursson, the chief investment strategist of Manulife Investments, wrote in a release. “As oil prices have rebounded, so has the Canadian equity market and the Canadian dollar. Investor sentiment seems to be feeding off these improvements.”

Half of Canadians surveyed said their finances were on track. However, investors between 25 and 34 were more optimistic about their finances than older Canadians.

Sentiment increased the most in Atlantic Canada (+28 points), closely followed by Quebec (+16 points).

Cash remained the most popular type of investment, with 24 per cent of respondents stating that they either liked to have cash on hand, or that its lack of investment risk made them feel secure.

Despite an overall increase in sentiment, there were some aspects of their finances that concerned investors. The top worries were managing their current lifestyles (27 per cent) and running out of money in retirement (20 per cent).

Manulife said the data is representative of all Canadians and is based on an online survey of 1,500 respondents who were at least 25-years-old. The index is based on investors’ views and confidence on a range of asset classes including stocks, fixed income, your own home, other investment property, cash, and balanced mutual funds.