businessman holds crystal ball with rising red graph and broken white graph
shutter999/123RF

Members of Toronto’s investment community answered questions about the markets, economic growth and their predictions for 2019 at CFA Society Toronto’s annual investment dinner Thursday night in Toronto.

Eight hundred professionals shared their responses to the following survey questions:

> What will the next global financial crisis will be triggered by?

  • Facebook, Amazon, Apple, Netflix and Google (FAANG) meltdown, 7.9%
  • ETF meltdown, 14.9%
  • Trump Meltdown, 28.8%
  • If I knew, would I come to this dinner?, 48.5%

> The percentage of managed assets under management invested in index equities strategies in 2017 was 17.5%. What do you think this figure will be five years from now?

  • <10%, 10.3%
  • 5%, 11.6%
  • 25%, 66.1%
  • >50%, 12.0%

> If ETFs have been the fastest growing sector of the market for the past year, what’s the next big thing in wealth management?

  • Distressed debt, 10.1%
  • Private equity, 44.1%
  • Credit derivatives, 10.6%
  • Active management — we’re back!, 35.2%

> What do you think next year’s S&P/TSX composite index will be?

  • Less than 13,000 (last year’s bears were wimps), 25.5%
  • In excess of 17,000 (the party’s not over yet), 30.8%
  • Unchanged at 15,500, 43.8%