CHICAGO, IL--(Marketwire - December 2, 2009) - Spectrem Group (
www.spectrem.com) announced
today that its Spectrem Affluent Investor Confidence Index (SAICI (SM))
rose 5 points in November to -10, reaching neutral territory for the first
time in nearly 2 years.
The rise in the affluent index, which measures the investment confidence
and outlook of households with $500,000 or more in investable assets,
follows a 2-point decline in October 2009. It brings the index to its
highest level since February 2008, when it also reached -10 and was last in
neutral territory.
Meanwhile, the Spectrem Millionaire Investor Confidence Index (SMICI (SM))
advanced 3 points in November to -4, its fourth-straight neutral reading.
(IMPORTANT NOTE: Beginning on December 30, 2009, the Spectrem indexes will
be released on the last Wednesday of each month.)
"Affluent investors grew more confident in the investment environment in
November, improving to a neutral stance for the first time in nearly 2
years. Millionaires' confidence also rose. Nevertheless, given recent
economic data that have not been overwhelmingly positive, it appears the
affluent in particular are approaching the future with some level of
continued caution," 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 November cited: health care
reform (32%); unemployment (11%); the economy (10%); the political
environment (7%); stock market conditions (6%); and housing and real estate
(5%).
Millionaires expressed slightly less concern about health care reform (30%)
than the affluent but were more worried about unemployment (14%).
Historical Performance
June July August September October November
Spectrem
Affluent
Investor
Confidence
Index(SM) -20 -19 -18 -13 -15 -10
Spectrem
Millionaire
Investor
Confidence
Index(SM) -20 -16 -10 -5 -7 -4
Methodology
The Spectrem Affluent Investor Confidence Index (SAICI (SM)) 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
Confidence Index (SMICI (SM)) is based on a subset of the overall survey
group.
Contact Information: Contact:
George Walper
(312) 454-3320
gwalper@spectrem.com