\n\tAdvisors favour U.S. equities over Canadian stocks for the next 12 months, according to a survey released today by Sun Life Global Investments (Canada) Inc. (SLGI).<\/p>\n
\n\tAccording to the survey, Advisor Sentiment Index Report 2012<\/em>, about 78% of the 475 Canadian advisors surveyed were optimistic about the performance of U.S. equities during the 12 months ending June 2013, whereas only 60% were bullish on the performance of Canadian stocks during the same period.<\/p>\n \n\tOverall, seven out of 10 advisors have a bullish view of global trading markets for the year ahead.<\/p>\n \n\tThe increased pessimism among advisors regarding Canada’s future stock market performance indicates that they have lessened their home country bias, said Sadiq Adatia, chief investment officer of SLGI.<\/p>\n \n\t“It was nice to see that advisor aren’t overly bullish on Canada\u2026they are more concerned with global trends that could impact the Canadian economy.”<\/p>\n \n\tWhen asked to identify the largest threats to the Canadian economy, 57% of survey respondents pointed to a “significant slowdown in the Chinese economy”, 43% named the breakup of the Eurozone and about 39% cited the sovereign debt crisis.<\/p>\n \n\tOverall, more than half of the advisors surveyed (55%) were “somewhat bullish” on Canadian equities as a whole, vs 5% who were “very bullish.”<\/p>\n \n\t“While we only asked advisors about the coming year, they were still answering these questions from a long-term perspective,” said Adatia. “Even though debt isn’t a problem for Canada today, they may have listed that concern with the future in mind.”<\/p>\n \n\tWhen asked about their clients’ preferences for risk, about half of advisors (48%) stated their clients are more risk averse today than they were before the downturn of 2008. Meanwhile, 38% of advisors said that their clients’ preferences towards risk have remained unchanged.<\/p>\n \n\tClients are more bearish than advisors when it comes to the state of the market. Only 23% of advisors said their clients were positive about equity performance in North America over the next year, while 37% were bearish about the state of the markets.<\/p>\n \n\tWhen asked to name the top three worries that their clients have about investing, advisors cited: fear of losing their capital (62%); fear that investment performance won’t be enough to achieve their lifestyle goals (61%); and insufficient funds retirement funds (60%).<\/p>\n \n\t“By knowing how advisors and their clients view the markets, we can create funds that fit a client’s risk appetite and helps them meet their retirement goals,” added Adatia.<\/p>\n","protected":false},"excerpt":{"rendered":" Sun Life poll shows that advisors are concerned about global trends that could impact Canada<\/p>\n","protected":false},"author":38967,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2313],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/288109"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38967"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=288109"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/288109\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=288109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=288109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=288109"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=288109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}