Spectrem Group’s Affluent Investor Confidence Indices Up in June;
Research Conducted Just Prior to U.K. Vote to Withdraw from the E.U.
CHICAGO, July 1, 2016 – The Spectrem Affluent Investor Confidence indices edged upward in June despite ongoing investor concerns about the economy, Spectrem Group reported today in its High Net Worth Insights newsletter. Both indices increased four points from May, with the Spectrem Affluent Investor Confidence Index (SAICI®) rising from 0 to 4, and the Spectrem Millionaire Investor Confidence Index (SMICI®) from 5 to 9. Both indices remain in mildly bearish territory (-10 to 10).
This month’s survey was conducted between June 16th and June 22nd, just prior to the historic vote by the U.K. to exit the European Union and subsequent market volatility.
“Affluent investors in June, pre-Brexit, were primarily focused on the economy as their most serious concern,” said Spectrem President George H. Walper, Jr. “The percentage of these investors indicating plans to remain on the investing sidelines in the coming month was unchanged from the previous month, while the percentage who indicated they would invest in equities rose slightly. This acted as a positive driver of the investment confidence indices.”
Since 2004, the monthly Spectrem Affluent Investor Confidence indices have tracked changes in investment sentiment among the 16.3MM households in America with more than $500,000 of investable assets (SAICI), and those with $1MM or more (SMICI).
Charts, including a deeper analysis of the Index and its methodology are available upon request. Additional insights include:
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.
About Spectrem Group: Spectrem Group (www.spectrem.com) strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.