SOURCE: Spectrem Group

Spectrem Group

July 28, 2015 08:00 ET

Spectrem Affluent Investor Confidence Index (SAICI®) Reaches 5-Month High in July

CHICAGO, IL--(Marketwired - Jul 28, 2015) -   Surging confidence among Millionaire investors helped drive the Spectrem Affluent Investor Confidence Index (SAICI®) to a five-month high in July, Spectrem Group announced Tuesday. The SAICI rose to 11 in July, a five-point gain over the previous month. The Spectrem Millionaire Investor Confidence Index (SMICI®) currently stands at 15, a nine-point gain over June.

The indices, compiled by Spectrem Group, a market research and consulting firm specializing in the affluent and retirement markets, measure investment confidence and outlook among the 16MM households in America with more than $500,000 of investable assets (SAICI), and those with $1MM or more (SMICI).

Affluent investors say they are planning to move off the investment sidelines in the coming months. This bullish investor mindset is being driven by Millionaires, whose sentiment toward equities reached an eight-month high in July, according to the Index.

"The Spectrem indices have shown significant volatility in the past three months," George Walper, Jr., president of Spectrem Group said. "However, recent favorable U.S. economic reports along with improved prospects for a Greek bailout and the likelihood of securing an Iranian nuclear agreement have strengthened confidence among Millionaire investors. This contrasts with a continued cautious attitude among non-Millionaire investors. The uptick in July is consistent with an increase in the July Spectrem Affluent Household Outlook, which also indicates growing confidence in the economy."

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

  March,
2015
April,
2015
May,
2015
June,
2015
July,
2015
  Spectrem Affluent Investor Confidence Index®

 8


 4


 8


 6


11
  Spectrem Millionaire Investor Confidence Index®

 11


10


 15


6


15
           

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.

About Millionaire Corner: Spectrem's Millionaire Corner website (www.millionairecorner.com) provides information for investors about investors. With its Best Financial Advisors service, investors are able to search for financial and investment advisors to assist in growing their wealth.

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