Spectrem Group’s Millionaire Investor Confidence Index Surpasses Year-Ago Level
CHICAGO, May 3, 2016 – For the first time in 2016, the April Spectrem Millionaire Investor Confidence Index (SMICI®) reached a level higher than it was during the same period a year ago, Spectrem Group reports Tuesday in its High Net Worth Insights newsletter. The SMICI rose six points in April to 11, a four-month high and a one-point gain over its April 2015 level. The Spectrem Affluent Investor Confidence Index (SAICI®) also increased in April, up 1 point to 4, matching its April 2015 level.
Since 2004, the monthly Spectrem Affluent Investor Confidence indices have tracked 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). Spectrem Group is a market research and consulting firm whose ongoing research focuses on the affluent and retirement markets. This month’s survey was fielded between April 15 and April 21.
“April marked the second consecutive month in which confidence among Millionaire investors was up, with more indicating plans to invest in equities in the coming month,” said Spectrem President George H. Walper, Jr. “The last time the SMICI posted a higher year-over-year reading was in August 2015.”
According to the April indices, Affluent investors are currently more focused on stock market conditions and the economic environment than the political climate in making decisions about investing.
Charts, including a deeper analysis of the Index and its methodology are available upon request. Additional insights include:
· The Spectrem Millionaire Investor Confidence Index Climbs to Four-Month High in April
· Affluent Investors Focused More on Stock Market Conditions than Political Climate
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.
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