SOURCE: Spectrem Group

December 02, 2009 08:00 ET

Spectrem Affluent Investor Confidence Index (SAICI (SM)) Rises 5 Points in November to -10

Reaches Neutral Territory for First Time Since February 2008; Spectrem Millionaire Investor Confidence Index (SMICI (SM)) Advances 3 Points to -4

CHICAGO, IL--(Marketwire - December 2, 2009) - Spectrem Group (www.spectrem.com) announced today that its Spectrem Affluent Investor Confidence Index (SAICI (SM)) rose 5 points in November to -10, reaching neutral territory for the first time in nearly 2 years.

The rise in the affluent index, which measures the investment confidence and outlook of households with $500,000 or more in investable assets, follows a 2-point decline in October 2009. It brings the index to its highest level since February 2008, when it also reached -10 and was last in neutral territory.

Meanwhile, the Spectrem Millionaire Investor Confidence Index (SMICI (SM)) advanced 3 points in November to -4, its fourth-straight neutral reading.

(IMPORTANT NOTE: Beginning on December 30, 2009, the Spectrem indexes will be released on the last Wednesday of each month.)

"Affluent investors grew more confident in the investment environment in November, improving to a neutral stance for the first time in nearly 2 years. Millionaires' confidence also rose. Nevertheless, given recent economic data that have not been overwhelmingly positive, it appears the affluent in particular are approaching the future with some level of continued caution," said George H. Walper, Jr., President of Spectrem Group.

In response to an open-ended question about the news story most affecting their economic outlook, affluent investors in November cited: health care reform (32%); unemployment (11%); the economy (10%); the political environment (7%); stock market conditions (6%); and housing and real estate (5%).

Millionaires expressed slightly less concern about health care reform (30%) than the affluent but were more worried about unemployment (14%).

Historical Performance


               June  July  August  September  October  November
Spectrem
Affluent
Investor
Confidence
Index(SM)      -20   -19    -18       -13       -15      -10

Spectrem
Millionaire
Investor
Confidence
Index(SM)      -20   -16    -10        -5        -7       -4

Methodology

The Spectrem Affluent Investor Confidence Index (SAICI (SM)) is based on 250 monthly interviews with the financial decision-makers in households with $500,000 or more in investable assets. The data have a margin of error of plus or minus 6.2 percentage points. The Spectrem Millionaire Investor Confidence Index (SMICI (SM)) is based on a subset of the overall survey group.

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