Advisors More Bullish Than Investors


    Heading into the fourth quarter of 2014, Canadian investment advisors were more bullish than Canadian investors in 13 out of 15 asset classes, particularly on Canadian and U.S. stocks, say the ‘Advisor and Investor Sentiment Surveys’ conducted by Horizons ETFs Management (Canada) Inc. For the quarter, 69 per cent of advisors said they were bullish on the S&P 500, up from the 57 per cent of advisors that expressed bullish sentiment in the third quarter survey. Of the 15 asset classes, bullishness for the S&P 500 rose the most among advisors, up 12 per cent quarter over quarter. This was the highest rise in sentiment along with the S&P/TSX Capped Financials Index, where bullishness also increased by 12 per cent to 58 per cent during the same period. For investors, 62 per cent expressed positive sentiment towards the S&P 500. In terms of performance, the S&P 500 rose 0.62 per cent during the quarter, the three-month period ended September 30.