2017 Q2 HORIZONS ETFs ADVISOR SENTIMENT SURVEY
Thank you for participating in the Horizons ETFs Quarterly Advisor Sentiment Survey. We hope this will add another useful indicator to your
portfolio management toolbox. For more information please visit www.HorizonsETFs.com/sentimentsurvey.
Q2 2017 SURVEY RESULTS
S&P / TSX Capped
Financials Index™
S&P / TSX 60™ Index
24%
42%
37%
NEUTRAL
BULL
S&P / TSX Capped
Energy Index™
47%
23%
BULL
24%
BULL
NEUTRAL
S&P / TSX Global Gold
Index™
39%
NEUTRAL
S&P 500® Index
47%
28%
BULL
19%
BULL
NEUTRAL
NEUTRAL
34%
34%
BEAR
BEAR
29%
40%
BEAR
BEAR
Canadian dollar
vs U.S. dollar
NASDAQ - 100® Index
48%
19%
BULL
21%
NEUTRAL
BEAR
Natural Gas
Crude Oil
26%
BULL
33%
44%
NEUTRAL
32%
BULL
28%
NEUTRAL
Gold Bullion
43%
BULL
45%
NEUTRAL
26%
BULL
NEUTRAL
33%
BEAR
53%
24%
BEAR
S&P 500 VIX
Short-Term Futures™ Index
Silver Bullion
39%
47%
43%
BULL
BEAR
BEAR
MSCI Emerging Market Index
34%
BULL
29%
29%
BEAR
53%
NEUTRAL
US 7-10 Year Bond Index
21%
BULL
18%
NEUTRAL
36%
BULL
NEUTRAL
NEUTRAL
19%
19%
26%
BEAR
BEAR
46%
BEAR
BEAR
Q1 2017 SURVEY RESULTS AND QUARTER-END PERFORMANCE
S&P / TSX Capped
Financials Index™
S&P / TSX 60™ Index
15%
69%
NEUTRAL
BULL
56%
BULL
19%
NEUTRAL
S&P / TSX Capped
Energy Index™
68%
14%
BULL
NEUTRAL
S&P / TSX Global
Gold Index™
30%
BULL
S&P 500® Index
28%
NEUTRAL
65%
NASDAQ - 100® Index
BULL
NEUTRAL
16%
18%
NEUTRAL
26%
29%
BULL
NEUTRAL
19%
BEAR
BEAR
18%
25%
42%
BEAR
BEAR
2.44% (CAD)
62%
16%
BULL
Canadian dollar
vs U.S. dollar
3.51% (CAD)
-9.08 (CAD)
20%
45%
BEAR
BEAR
7.15% (CAD)
BEAR
6.06% (USD)
12.09% (USD)
0.93%
S&P 500 VIX
Short-Term Futures™ Index
MSCI Emerging Mark Index
US 7-10 Year
Bond Index
Performance of Indices
Crude Oil
57%
BULL
Natural Gas
20%
NEUTRAL
23%
BEAR
-5.81% (USD)
48%
BULL
Gold Bullion
31%
NEUTRAL
32%
BULL
21%
BEAR
-14.34% (USD)
Silver Bullion
24%
NEUTRAL
44%
BEAR
8.30% (USD)
29%
BULL
33%
NEUTRAL
38%
BEAR
14.18% (USD)
49%
BULL
34%
NEUTRAL
17%
43%
BULL
25%
NEUTRAL
32%
BEAR
BEAR
-37.82% (USD)
11.47% (USD)
27%
25%
BULL
NEUTRAL
48%
BEAR
1.07% (USD)
Performance of Indices
About the Horizons ETFs Advisor Sentiment Survey
Horizons ETFs conducts the only quarterly sentiment survey
of Canadian investment advisors. The survey quantitatively measures advisors’
quarterly outlook as it relates to key benchmarks covering equities, bonds,
currencies and commodities.
ALPHA
BENCHMARK
BETAPRO