Advisors remain bullish on equities and commodities, bearish on bonds
TORONTO, April 8 /CNW/ - BetaPro Management Inc. ("BetaPro") has released
the results of its Q2 2009 Advisor Sentiment Survey. Advisor confidence
remains high in both commodities and energy stocks, as reported in the survey.
Advisors who are bullish on energy stocks represent over 73% of the almost 400
advisors polled, managing more than $30 billion in assets and representing a
significant cross-section of the industry.
The survey revealed increased optimism for crude oil, but slightly lowers
expectations for natural gas. Confidence in energy and mining commodity prices
is consistent with a 70% bullish sentiment in the Canadian dollar versus the
U.S. dollar. The expectation of a return to economic stability also resulted
in a bearish outlook for the U.S. 30-Year Bond.
"Advisors' positive outlook on energy stocks, crude oil, mining equities
and gold bullion is consistent with recent market activity in the commodities
markets and signals continued confidence in Canadian equities and the
country's general economic stability vis-à-vis the United States," stated
Howard Atkinson, President of BetaPro. "Furthermore, despite a drop in the
U.S. 30 Year Bond of more than 5% in the previous quarter, advisors remain
bearish. This is consistent with current U.S. monetary and fiscal policy and
is an indication that advisors believe an economic recovery will eventually
occur and interest rates will rise."
The Horizons BetaPro Exchange Traded Funds ("ETFs") have grown by over
200% in the last 12 months and are one of Canada's largest and most frequently
traded family of ETFs. Horizons BetaPro ETFs are a unique series of investment
tools which allow investors to profit or protect in bull and bear markets with
exposure to 14 key equity, bond, currency and commodity benchmarks. BetaPro,
the manager of the Horizons BetaPro ETFs, is the sole provider of leveraged,
inverse-leveraged and single inverse ETFs in Canada and the world's first
provider of leveraged, inverse-leveraged and single inverse commodity ETFs.
About the Sentiment Survey
Horizons BetaPro ETFs conducts the only quarterly sentiment survey of
Canadian investment advisors. The survey quantitatively measures advisors'
quarterly outlook as it relates to 14 key benchmarks covering equities, bonds,
currency and commodities. Full survey results are available at
About BetaPro Management Inc.
Horizons BetaPro Exchange Traded Funds ("HBP ETFs") are managed by
BetaPro Management Inc., Canada's original provider of investment tools
allowing investors to profit when the market is rising or falling, or to
reduce their risk by hedging their existing market exposure. HBP ETFs offer
two types of structures: Bull+/Bear+ leveraged ETFs and single inverse ETFs.
The HBP Bull+ ETFs and HBP Bear+ ETFs are designed to provide daily investment
results, before fees and expenses, which correspond to double the daily
performance, or double the inverse daily performance, respectively, of their
specified underlying index or benchmark. The HBP Inverse ETFs are designed to
provide daily investment results, before fees and expenses that correspond to
one times the inverse of their specified underlying index or benchmark.
BetaPro is a subsidiary of Jovian Capital Corporation and manages
approximately $2 billion amongst 32 ETFs.
For further information:
For further information: Howard Atkinson, CFA, CIMA, President, BetaPro
Management Inc., (416) 777-5167, firstname.lastname@example.org; Alison Ford,
Fleishman-Hillard Canada, (416) 645-3296, email@example.com