Spectrem Group’s Wealthy Investor Confidence Indices Decline in May; Investors Cite Growing Concerns About the U.S. Political Environment
CHICAGO, June 1, 2016 – Following three months of solid growth, the Spectrem Affluent Investor Confidence indices declined in May, according to Spectrem Group’s High Net Worth Insights newsletter. The May Spectrem Millionaire Investor Confidence Index (SMICI®) dropped six points to 5, while the Spectrem Affluent Investor Confidence Index (SAICI®) fell four points to 0. The indices are down ten points and eight points, respectively, from their levels one year ago.
The monthly indices, compiled by Spectrem Group, a market research and consulting firm specializing in the affluent and retirement markets, measure changes in investing sentiment among the 16.3MM households in America with more than $500,000 of investable assets (SAICI), and those with $1MM or more (SMICI). This month’s survey was fielded between May 19-25.
The Spectrem Affluent Household Outlook, a driver of the Spectrem Affluent Investor Confidence Indices, rose slightly in May.
“A more cautious investor mindset, coupled with a slight rise in the Spectrem Affluent Household Outlook, indicates that Affluent investors remain slightly more optimistic about longer-term prospects than the next few months,” said George H. Walper, Jr., president of Spectrem Group.
Charts, including a deeper analysis of the Index and its methodology are available upon request. Additional insights include:
- The Spectrem Investor Confidence Indices Decline in May
- Rising Concerns About U.S. Political Environment Impact Sentiment
Spectrem Affluent Investor Confidence Index®
Spectrem Millionaire Investor Confidence Index®
Index range: -31 to -51, Bearish; -11 to -30, Mildly Bearish; 10 to -10, Neutral; 11 to 30, Mildly Bullish; 31 to 51, Bullish.
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