The monthly indices measure the investment confidence and outlook of households with more than $500,000 in investables and more than $1 million in investables, respectively.
“Affluent investors in May expressed an increased interest in safer, more conservative vehicles such as bonds as cash,” noted George H. Walper, Jr., President of Spectrem Group. “Given recent market levels, it is not surprising. It indicates their continued wariness that this year’s record high market rallies will continue.”
When asked which news story is most influencing their economic outlook, the highest percentage of Affluent investors responded, “stock market conditions,” followed by news about unemployment. Fewer Affluent investors this month said that news about the political environment or sequestration is having an effect on their economic outlook.
Affluent investors are also feeling more confident about financial factors that impact their daily lives, as reflected in Spectrem’s May Affluent Household Outlook, which rose to a two-and-a-half year high.
Additional insights from the indices are available on Spectrem’s Millionaire Corner website (www.millionairecorner.com). These include:
Index Historical Performance
Spectrem Affluent Investor Confidence Index®
Spectrem Millionaire Investor Confidence Index®
The Spectrem Affluent Investor Confidence Index (SAICI ®) is based on 250 monthly online interviews with the financial decision-makers in households with $500,000 or more in investable assets. The Index has a margin of error of plus or minus 6.2 percentage points. The Spectrem Millionaire Investor Confidence Index (SMICI ®) is based on a subset of the overall survey group.
About Spectrem Group:
Spectrem Group strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.
About Millionaire Corner:
Spectrem’s Millionaire Corner website provides information for investors about investors. With its Find an Advisor service, investors are able to search for financial and investment advisors to assist in growing their wealth.