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.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.