SOURCE: Spectrem Group

Spectrem Group

November 01, 2016 08:00 ET

Spectrem Affluent Investor Confidence Index Falls to Five-Month Low in October

CHICAGO, IL--(Marketwired - November 01, 2016) - With one week to go until the U.S. Presidential election, renewed concerns about the economy and a cautious investment mindset have resulted in a decline in the Spectrem Affluent Investor Confidence Index (SAICI®) in October, Spectrem Group reported today in its High Net Worth Insights newsletter. The SAICI declined one point from September to 3, its lowest point since May of this year. The Spectrem Millionaire Investor Confidence Index (SMICI®) gained four points to 9.

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). This month's survey was fielded between October 13-19.

The six-point gap in the October indices is the widest since April 2016, and is consistent with prior Spectrem surveys showing that Millionaire households tend to have a more optimistic investing mindset than non-Millionaires.

"Growing numbers of Affluent investors indicated in October they plan to stay on the investment sidelines in the coming month due to lower confidence in the direction of the U.S. economy," said Spectrem President George H. Walper, Jr. "Millionaires, who are more likely to consider themselves more savvy than less affluent investors, remain more confident than their less wealthy counterparts, but they too signaled an increased likelihood of remaining on the sidelines in the coming month."

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

  June 2016 July 2016 August 2016 September 2016 October 2016
Spectrem Affluent Investor Confidence Index® 4 4 7 4 3
Spectrem Millionaire Investor Confidence Index® 9 8 12 5 9

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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