February 01, 2008 at 6:00 am by Tom Lydon
Exchange traded fund (ETF) provider Rydex has released the latest numbers regarding advisor confidence, and it doesn’t look good.
The Advisor Confidence Index (ACI) is a benchmark that gauges advisor’s views on the U.S. economy and the stock market. It was down nearly 6% compared to December, and it’s down 24% since the the index was created in March 2004.
Issues worrying advisors are the same ones plaguing the overall population: the subprime and credit crises, real estate, consumer overspending and worldwide financial issues.
Advisors were most down in the dumps about the six-month economic outlook, which was down 11.5%. On the flip side, they do hope for better times ahead: the 12-month economic outlook was up 5.3%.
Read the disclosure, as Tom Lydon is a board member of Rydex Investments.
Tags: Financial, Real Estate
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