Canadian investment advisors are expected to see a growing role in their clients’ portfolios in the next few years, primarily as a result of the popularity of exchange-traded funds (ETFs). These products provide investors with lower fees, more transparency, and a growing selection of products. According to a survey this fall by Evolve Funds Group Inc., advisors are increasingly using ETFs to manage client portfolios, with a preference for active funds over passive ones. However, advisors say the perceived lack of choice of active Canadian ETFs is holding them back from putting a greater percentage of their client portfolios in active ETFs.
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Canadian investment advisors’ overall outlook is bullish, with more than half expressing bullish views on Canadian equities. This is up from less than half in the second quarter. In Q2 alone, the S&P/TSX 60 TM Index returned 6.32%. While Canadian equity advisors were bullish about equities, U.S. equity expectations remained positive, with 57% of advisors saying they were bullish on the S&P 500 (r). The S&P 500 gained 1.68% and is up 7% since the start of 2018. Find out
As part of a recent regulatory reform, the Canadian Securities Administrators (CSA) have made changes to the way that Canadian investment advisors operate. As part of this effort, advisors will now need to submit annual reports that include an account performance report and an itemized list of all fees and costs charged to the account. The goal of these changes is to make the investment advisory industry more transparent and accountable to investors.