Sadiq S. Adatia, Chief Investment Officer, Sun Life Global Investments. (CNW Group/Sun Life Financial Inc.)
Advisors think China poses the greatest economic threat to Canada according to the inaugural Sun Life Advisor Sentiment Index
TORONTO , June 26, 2012 /CNW/ - Canada's financial advisors are more optimistic about the performance of U.S. markets compared to any other major global equity market, including Canada , over the next 12 months according to the Sun Life Advisor Sentiment Index released today by Sun Life Global Investments. The survey, conducted by Ipsos Reid between April 23 to May 4, 2012 , measures Canada's financial advisors' sentiments on capital markets and key economic factors.
Seventy-eight per cent of advisors are optimistic about U.S. markets (including the Dow Jones Industrial Average and the S&P 500 Index) compared to 60 per cent of advisors who say they are optimistic about Canada's S&P/TSX Composite.
"How well the U.S. economy is doing continues to surprise many people and Canada's financial advisors are taking notice of this upward trend," said Sadiq S. Adatia, Chief Investment Officer, Sun Life Global Investments. "We have been optimistic about the U.S. markets since last year and think they offer the most opportunities over the other major equity markets, followed by emerging markets."
Advisors see a variety of global economic factors threatening the Canadian economy over the next year. More than half consider a major downturn in China to be among the three greatest threats.
- Fifty-seven per cent of advisors said a significant slowdown in the Chinese economy could pose a threat to Canada in the next 12 months.
- Forty-three per cent of advisors said the same about a breakup of the Eurozone.
- Thirty-nine per cent of advisors said a sovereign debt crisis is among the top three risks to Canada .
- Weak consumer spending (36 per cent), the price of oil (35 per cent) and inflation (22 per cent) also pose threats to our economy.
"While advisors raise valid concerns, we have also found through our past research that some domestic issues threaten the Canadian economy," said Adatia. "We believe Canadians continue to add debt even though they're already shouldering significantly large amounts. Savings are low and the housing market grows more overheated every day."
The majority of advisors (71 per cent) believe Canada's overnight interest rate will be higher on June 30, 2013 than it is today. While 69 per cent believe the Consumer Price Index will rise either one or two per cent over the next 12 months.
The effects of the 2008 financial downturn are still being felt by Canadian investors:
- Advisors believe almost half (48 per cent) of their clients are more risk adverse since 2008.
- Thirty-seven per cent believe their clients are pessimistic about the current market conditions.
- Fear of losing capital (62 per cent) is the number one concern advisors hear from their clients followed by fear that their investment performance won't be enough to achieve their lifestyle goals (61 per cent).
- The money invested won't be enough for retirement (60 per cent) and fear that if markets crash, clients won't have enough time to make up any losses before retirement (59 per cent) are also concerns advisors hear.
Listen to Sadiq S. Adatia, Sun Life Global Investments Chief Investment Officer, as he comments on the Index.
Read the full report on the Advisor Sentiment Index for more key findings and results.
These are some of the findings of an Ipsos Reid poll conducted between April 23 and May 4, 2012 on behalf of Sun Life Financial. For this survey, a sample of 475 Canadian financial advisors was interviewed online. The survey participants represent a cross-section of the Canadian financial services industry including affiliated and independent financial advisors. More than two thirds (70 per cent) of the survey respondents are members of the Mutual Fund Dealers Association (MFDA) and a third (35 per cent) are members of the Investment Industry Regulatory Organization of Canada (IIROC). A survey with an un-weighted probability sample of this size and a 100 per cent response rate would have an estimated margin of error of +/- 3.9 percentage points, 19 times out of 20, of what the results would have been had the entire population of Canadian financial advisors been interviewed. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error. Percentages reported in this summary are rounded to the nearest whole number.
This press release may include future or forward-looking statements that are speculative in nature and which cannot be relied upon. There is no guarantee that these events will occur or in the manner speculated. Information provided in this press release is compiled from sources believed to be reliable at the time of release, but no representation or warranty, express or implied, is made as to its accuracy. Information and commentaries expressed herein are subject to change without notice and are provided in good faith without legal responsibility. This press release is not intended to provide specific financial, tax, insurance, investment, legal or accounting advice and should not be relied upon in that regard and does not constitute a specific offer to buy and/or sell securities.
About Sun Life Global Investments ( Canada ) Inc.
Sun Life Global Investments brings together the strength of one of Canada's most trusted names in financial services with some of the best asset managers from around the world. With a focus on risk management, our rigorous selection and monitoring process provides access to leading asset managers who use insight and innovation to manage high quality investment solutions for Canadian investors. For more information, visit: www.sunlifeglobalinvestments.com.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada , the United States , the United Kingdom , Ireland , Hong Kong , the Philippines , Japan , Indonesia , India , China and Bermuda . As of March 31, 2012 , the Sun Life Financial group of companies had total assets under management of $494 billion . For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Image with caption: "Sadiq S. Adatia, Chief Investment Officer, Sun Life Global Investments. (CNW Group/Sun Life Financial Inc.)". Image available at: http://photos.newswire.ca/images/download/20120626_C4020_PHOTO_EN_15685.jpg
Suffolk/Essex: Anglian Business Awards short-list is revealed - East Anglian Daily Times
Last year's Anglian Business Awards ceremony at Trinity Park
By Duncan Brodie
Tuesday, June 26, 2012
10:46 AM
THE line-up of finalists for the EADT’s 2012 Anglian Business Awards has been revealed.
Businesses and individuals from across Suffolk and north Essex will be competing for a total of 15 trophies at this year’s gala awards event, which takes place at Trinity Park, Ipswich, on Wednesday, July 4.
The awards have moved from their traditional Thursday slot this year, due to the scheduled arrival in Ipswich of the Olympic flame on July 5.
But the awards event will itself have something of a sporting theme, with the ceremony featuring Karen Pickering, a four-time gold medal winner for Britain at the swimming world championships, together with host David Bryon, a former managing director of low-cost airline bmibaby.
And at the start of the evening, Karen will start the inaugural Suffolk Open Criterium Championships cycling event, which will be taking place on a track around the Trinity Park showground as guests arrive for the awards ceremony at the main conference and events centre.
The shortlists for 12 of the 13 categories are as follows:
Community Involvement: The Hearing Care Centre, Ipswich; Ipswich Building Society, Ipswich; Willis, Ipswich.
Customer Service Person of the Year: Karen Finch, The Hearing Care Centre, Ipswich’ Darren Godfrey, Haven Power, Ipswich; Simon Gray, Denny Bros Supplies, Bury St Edmunds.
Environment: Denny Bros, Bury St Edmunds; St Mary’s School, Colchester; Zero Above, Alphamstone;
Family Business of the Year: Denny Bros, Bury St Edmunds; React Computer Partnership, Woodbridge; Ufford Park Hotel, Golf & Spa, Ufford.
Innovation: RB Media & PR, Ipswich; Thompson & Morgan, Ipswich; Free Rein, Hadleigh.
International Trade: MGC Lighting, Ipswich; Plant Parts, Hadleigh; Security Foiling, Ipswich.
Medium/Large Business of the Year: AtlasFram Group, Framlingham; Healthcare Homes, Langham, Colchester; Thompson & Morgan, Ipswich; Timberwolf, Stowmarket.
Not-for-Profit Business of the Year: Eastern Enterprise Hub, Ipswich; Red Rose Chain Theatre Company, Ipswich; Woodbridge Rugby Union Club, Woodbridge.
Rural Business of the Year: Edme, Mistley; The Pheasant, Gestingthorpe.
Small Business of the Year: Cubiqdesign, Newmarket; STC Solutions, Great Blakenham; Waddington Brown, Ipswich.
Start-Up Business of the Year: Creative Intent, Southwold; Norfolk Logistics, Felixstowe; The Swan, Long Melford.
Young Business Person of the Year: Dayle Bayliss, Dayle Bayliss Construction Consultant, Ipswich; Will Wright, White Space, Ipswich; Rachel Ducker, Apparition Marketing & Design and Apparition Music Promotions, Bury St Edmunds and Halesworth.
The Business Leader/Manager of the Year category will be judged from a “long list”, with the winner to be announced on the night. A Business Personality of the Year will be selected from among the winners of this and the other categories for individuals. An overall Business of the Year will again be selected from among the winners of the corporate categories.
Spain pays dearly for short-term money - Financial Times
June 26, 2012 11:00 am
Business Secretary the keynote speaker at awards - yorkshirepost
BUSINESS Secretary Vince Cable will be the headline speaker at the Yorkshire Post Excellence in Business Awards 2012.
The Cabinet Minister praised the awards, which are now open for entries, and emphasised the importance of entrepreneurialism to the health of the country.
The Liberal Democrat MP told the Yorkshire Post: “Despite the difficult economic conditions we are continuing to see businesses taking the initiative, being innovative and thriving.
“It is great that local companies in Yorkshire are being recognised for the fantastic work they are doing to help boost the local and UK economy.”
He added: “We need to harness the enthusiasm of our entrepreneurs, while creating the right conditions to develop new talent.
“The Government is backing SMEs by making it easier to gain access to finance and creating a network of thousands of business mentors.
“We hope that this support will encourage more people to take the leap and, like the successful people in Yorkshire, realise their business potential.”
Judges are inviting entries from all companies with a compelling story to tell, so long as they are based in Yorkshire or have significant operations in the region.
There are general categories as well as specific awards relating to export, innovation, community work and outstanding employment practices.
Companies and individuals have until Monday, July 2, to submit their entries in a simple process online via www.yorkshirepost.co.uk
Sign in to leave your comment
0 comments