Infovest21 Surveys

In its just-released quarterly manager sentiment survey, 47% of the managers say they have completed registration while 35% say it is not applicable i.e. that they had previously been registered. Another 9% say they are three-quarters completed while 3% are one-half completed and another 3% are one-quarter completed.

On average, the managers say they have budgeted 33 hours for initial registration and 87 hours annually for ongoing registration. They have allotted an average $28,600 for the initial registration and $33,000 for ongoing work throughout the year.

Managers become more negative looking out 12 months
Looking out over the next 12 months, the majority of managers feel somewhat positive about four markets, neutral about three markets and slightly negative about seven markets.

The four markets where they feel the markets will move up slightly, in rank order, are: Nymex Oil, Consumer Price Index, Dow Jones Industrial Average and S&P500.

In three markets where the majority of managers feel the market will be neutral over the next 12 months, in rank order are: 30-Year Fixed Mortgage Rates, DJ Stoxx and Nikkei225 Stock Average.

In seven markets, where the majority of managers feel the market will be down slightly over 12 months, are: Euro, Yen, Pound, 10-Year Treasury, FTSE 100 Stock Average, Comex Gold, and DJ Corporate Bond Index.

This quarter, 35 managers completed the survey. Full results are available in the current issue of Investor Focus.