SOURCE: Spectrem Group

Spectrem Group

March 01, 2016 08:00 ET

Spectrem Wealthy Investor Confidence Indices Rise in February as Market Volatility Subsides

CHICAGO, IL--(Marketwired - March 01, 2016) - Lower volatility helped drive the Spectrem Investor Confidence indices higher in February, according to a new report published in Spectrem Group's High Net Worth Insights newsletter. The Spectrem Millionaire Investor Confidence Index (SMICI®) rose 5 points to 2, and the Spectrem Affluent Investor Confidence Index (SAICI®) edged upward 1 point to -3.

The survey was fielded between Feb. 16-17, when market volatility had begun to calm following double-digit declines in the S&P 500 and Nasdaq earlier in the month. For the first time this year, the indices have registered a decline in the number of affluent investors indicating they intend to remain on the investment sidelines.

Both indices were higher in February for Affluent investors who identify as Republicans compared with Democrats and Independents.

"While lower market volatility has begun to translate into increased confidence among affluent investors, wealthy investors still have significant concerns about the stability and direction of the U.S. economy," Spectrem President George H. Walper, Jr. "The good news is that fewer investors say they intend to stay on the investing sidelines, a bullish indicator." 

The Confidence Indices were originally launched in February 2004 by Spectrem Group to 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).

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

  October
2015
November
2015
December
2015
January
2015
February
2016
Spectrem Affluent Investor Confidence Index® 4 7 4 -4 -3
Spectrem Millionaire Investor Confidence Index® 6 15 11 -3 2

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 can search for financial and investment advisors to assist in growing their wealth.

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