SOURCE: Spectrem Group

Spectrem Group

September 01, 2015 08:00 ET

International Market Volatility Took Its Toll on Affluent Investor Confidence in August According to the Spectrem Affluent Investor Confidence Index (SAICI®)

CHICAGO, IL--(Marketwired - Sep 1, 2015) -  Concerns among affluent investors about the health of international markets drove the Spectrem Affluent Investor Confidence Index (SAICI®) down two points in August to 9. During the same period, the Spectrem Millionaire Investor Confidence Index (SMICI®) ticked upward two points to 17, an 11-month high, but registered a slower increase from the nine-point gain it achieved the previous month.

The indices, compiled by Spectrem Group, a market research and consulting firm specializing in the affluent and retirement markets, measure the investment confidence and outlook of the 16MM households in America with more than $500,000 of investable assets (SAICI), and those with $1MM or more (SMICI). This month's survey was conducted between August 14th and the 20th.

The survey reveals that millionaires are generally more confident investors than their non-millionaire counterparts. Solid domestic economic reports in August helped to steady the SMICI. But affluent investors indicate that they remain focused on international problems, primarily in Greece and China.

"Recent international news has clearly had a negative effect on the economic outlook and confidence of affluent investors," said George Walper, Jr., president of Spectrem Group. "We will have a fuller picture next month about just how much recent market volatility has impacted them, but clearly, concern among elite investors is likely to continue for several months."

Charts, deeper analysis of the Index and methodology are available upon request. Additional insights include:

  April 2015 May 2015 June 2015 July 2015 August 2015
Spectrem Affluent Investor Confidence Index® 4 8 6 11 9
Spectrem Millionaire Investor Confidence Index® 10 15 6 15 17

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 ( 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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