SOURCE: Spectrem Group

June 03, 2009 08:00 ET

Spectrem Millionaire Investor Index (SMII)® Posts Largest Advance Ever, Rising 17 Points in May to -2

Millionaire Index at Highest Level Since December 2007; Spectrem Affluent Investor Index (SAII)® Rises 9 Points to -12

CHICAGO, IL--(Marketwire - June 3, 2009) - Spectrem Group (www.spectrem.com) announced today that its Spectrem Millionaire Investor Index (SMII)® rose 17 points in May to -2, recording its largest advance ever.

This gain, the third-consecutive improvement for the millionaire index, returns it to neutral territory and brings the index to its highest level since December 2007, when it stood at 8.

Meanwhile, the Spectrem Affluent Investor Index (SAII)®, which measures the investment outlook of households with $500,000 or more in investable assets, rose 9 points in May to -12, a mildly bearish reading. This brings the index to its highest level since February 2008, when it stood at -10.

"Millionaires' investment optimism surged in May, recording the largest monthly increase since we began tracking it in February 2004. The broader affluent population saw optimism improve as well. Though news on the economy remains far from rosy, it appears that the nation's wealthiest investors are adjusting to the new environment and may feel the worst is behind us," 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 May cited: the economy (25%); the political environment (25%); stock market conditions (6%); housing and real estate (3%); and increasing oil and gas prices (1%). Those choosing the economy fell from 60% in February 2009, the last time this question was asked, while those citing the political environment increased from 4%.

Millionaires expressed more concern about the political environment (27%) than the affluent, but were slightly less worried about the economy (24%).

Historical Performance

                    December  January  February   March    April    May

Spectrem Affluent
 Investor Index®      -31       -28       -38      -30      -21     -12
Spectrem Millionaire
 Investor Index®      -23       -21       -34      -26      -19      -2

Methodology

The Spectrem Affluent Investor Index® 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 Index® is based on a subset of the overall survey group.

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