Advisors are feeling less optimistic about the economy in general, according to results from the latest TD Ameritrade Advisors Survey. Tom Bradley, president of TD Ameritrade Institutional, broke down the survey for CNBC.
“The survey shows a decrease in equities and an increase in fixed income—we’re approaching the 30 percent level in terms of fixed income,” Bradley told CNBC.
“International is about flat at about 12 percent and there’s a slight uptick in cash.”
According to survey results, confidence levels dropped over the last quarter and equities asset allocation is at its lowest in a year.
Tech and health care are expected to be among the best performers in the next 12 months, while financials and utilities may be the worst.
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CNBC Data Pages:
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No immediate information was available for Bradley or his firm.