Advisors Expect Torrid Pace To Continue

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    Canadian investment advisors expect stocks to continue their torrid pace in the first quarter of 2014, but are bearish on every other asset class, says the ‘Q1 2014 Advisor Sentiment Survey’ by Horizons ETFs Management (Canada) Inc. Collectively, advisors were bullish on only six of the 15 asset classes surveyed, all of which were equity indices. Nearly three quarters of Canadian advisors (74 per cent) are bullish on the S&P/TSX 60 Index, which saw bullish sentiment increase from 68 per cent in the previous survey. Canadian stocks generated a 6.94 per cent return last quarter. The same bullish sentiment, 74 per cent, was observed on the S&P 500 Index as well, after an approximately 10 per cent return in the fourth quarter of 2013. Bullish sentiment on the NASDAQ-100 Index is at 75 per cent, after a fourth quarter return 2013 return of 11.62 per cent.