The Advisor Confidence Index rose slightly in May, according to a report Tuesday by Rydex AdvisorBenchmarking Inc., an affiliate of Rydex Investments in Rockville, Md.
The index, which gauges advisers' views on the U.S. economy and markets, improved this month to 115.98, from 115.88 in April. Improving overall conditions continued to buoy advisers' spirits as markets have enjoyed a bull run since October. Advisers' overall assessment of current conditions and the outlook for the next six months improved moderately.
About 40% of registered investment advisers said they had increased their use of commodities in client portfolios, but 55% of the advisers did not use currency investments in May. However, 32% said they believe current market conditions require access to diverse asset categories that are not necessarily a permanent portfolio component and had been adding currency investments to their portfolios.
