Affluent Investor Confidence Edges Up


    The ‘Spectrem Affluent Investor Confidence’ indices edged upward in June despite ongoing investor concerns about the economy, says the Spectrem Group. Both indices increased four points from May, with the affluent investor confidence index (SAICI) rising from zero to four, and the ‘Spectrem Millionaire Investor Confidence Index (SMICI)’ from five to nine. Both indices remain in mildly bearish territory (-10 to 10). This month’s survey was conducted between June 16 and 22, just prior to the vote by the UK to exit the European Union and subsequent market volatility. “Affluent investors in June, pre-Brexit, were primarily focused on the economy as their most serious concern,” says George H. Walper, Jr., president of Spectrem. “The percentage of these investors indicating plans to remain on the investing sidelines in the coming month was unchanged from the previous month, while the percentage who indicated they would invest in equities rose slightly.”