IE Staff
Investors are decidedly more optimistic about their first-quarter return prospects than advisors, according to a survey from Toronto-based Horizons ETFs Management (Canada) Inc.
Horizons’ latest quarterly survey of investor and advisor sentiment found that investors are generally bullish about the return prospects for Canadian and U.S. equities.
After the S&P/TSX 60 grew by 6.98% in Q4 2020, investors increased their bullishness on large caps by 19 percentage points to 56%, while advisors reduced their bullishness by 13 percentage points to 48%.
The S&P/TSX capped energy index, meanwhile, grew by an impressive 39.91% in Q4, prompting investors to increase their bullishness by 25 percentage points to 52%. Advisors, however, increased their bullishness by only 3%, remaining neutral overall on the energy sector.