CHICAGO, IL--(Marketwired - Jun 26, 2013) - Spectrem Group announced today that the Spectrem Affluent Investor Confidence Index (SAICI®) in June was 2, unchanged from the 12-month high that was reached in April. The Spectrem Millionaire Investor Confidence Index (SMICI®) gained two points to 7, its second-highest reading in five months.
The monthly indices measure the investment confidence and outlook of households with more than $500,000 in investables and more than $1 million in investables, respectively.
"While Affluent investors indicated they would be investing more in stocks and stock mutual funds, investment in Cash posted the biggest month-to-month increase in our survey of Affluent investor preferences, a reflection of continued uncertainty over recent market volatility," said George H. Walper, Jr., President of Spectrem Group.
Affluent investors surveyed in June said they are less concerned about the partisan political climate, and instead consider the economy and stock market conditions to be the most serious obstacles to achieving their household's financial goals at this time.
In a further reflection of investor wariness, the Spectrem Affluent Household Outlook, a measure of confidence in financial factors that impact their daily lives, declined after three consecutive months of gains.
Additional insights from the indices are available on Spectrem's Millionaire Corner website (www.millionairecorner.com). These include:
Index Historical Performance
| January, 2013 |
February, 2013 |
March, 2013 |
April, 2013 |
May, 2013 |
||||||
| Spectrem Affluent Investor Confidence Index® | -7 | 0 | 2 | 2 | 2 | |||||
| Spectrem Millionaire Investor Confidence Index® | 1 | 3 | 8 | 5 | 7 | |||||
Methodology
The Spectrem Affluent Investor Confidence Index (SAICI®) is based on 250 monthly online interviews with the financial decision-makers in households with $500,000 or more in investable assets. The Index has a margin of error of plus or minus 6.2 percentage points. The Spectrem Millionaire Investor Confidence Index (SMICI®) is based on a subset of the overall survey group.
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.
About Millionaire Corner:
Spectrem's Millionaire Corner website provides information for investors about investors. With its Find an Advisor service, investors are able to search for financial and investment advisors to assist in growing their wealth.