CHICAGO, IL--(Marketwire - May 6, 2009) - Spectrem Group (
www.spectrem.com) announced
today that its Spectrem Affluent Investor Index (SAII)® rose 9 points in
April to -21, for its second-consecutive monthly gain.
The rise in the affluent index, which measures the investment outlook of
households with $500,000 or more in investable assets, keeps the index in
mildly bearish territory and follows an 8-point advance in March 2009. It
also brings the index to its highest level since August 2008, when it stood
at -13.
Meanwhile, the Spectrem Millionaire Investor Index (SMII)® rose 7 points
in April to a mildly bearish reading of -19, its second-consecutive gain.
"Affluent investors and millionaires both showed solid improvement in their
investment outlook for a second-straight month in April. With both groups
still mildly bearish, April's improvement may signal that the nation's
wealthiest investors are settling down from several panicky months.
However, it's too early to infer any real change in outlook and forward
plans," said George H. Walper, Jr., President of Spectrem Group.
In response to an open-ended question about the one factor most affecting
their investment plans, affluent investors in April cited: stock market
conditions (30%); the economic environment (18%); retirement (8%);
household income (3%); and household cash flow (2%). Those choosing the
economic environment fell from 27% in January 2009, the last time this
question was asked, while those choosing stock market conditions rose from
26%.
Millionaires' concern about the economic environment equaled those of the
affluent (18%), but they were slightly more worried about stock market
conditions (31%).
Historical Performance
November December January February March April
Spectrem Affluent
Investor Index® -39 -31 -28 -38 -30 -21
Spectrem Millionaire
Investor Index® -39 -23 -21 -34 -26 -19
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.
Contact Information: Contact:
Sharon Bially
(774) 270-1293
sharon@farrellkramer.com