March 04, 2010
--- In February, registered investment advisers’ (RIA) confidence in the
economy and stock market was down 2% from January, according to
Rydex|SGI AdvisorBenchmarking. ---
While Rydex|SGI’s Advisor Confidence Index (ACI) was up in January, adviser confidence retreated slightly in February, as the U.S. economy showed a lack of job growth, according to the index report. When asked which areas of the economy are causing the largest concern, most RIAs (65%) are most concerned about unemployment, followed by the budget deficit (50%).
Advisers showed the most pessimism for the current economic outlook and the next sixth months, but an increased optimism for the 12-month economic outlook. More specifically, the ACI found the following:
- current economic outlook (-6.22%)
- six-month economic outlook (-2.35%)
- 12-month economic outlook (+3.84%)
- stock market outlook (-4.32%).
Rydex surveyed 356 RIAs.
Ellie Behling