Affluent investors' confidence passed that of millionaires for the first time since April 2008, gaining 9 points in May of this year, according to the results of the latest Affluent Investor Confidence Index from Spectrem Group.
Affluent investors are defined as households with more than $500,000 in investable assets.
Data released on Wednesday showed that while the index remains at a neutral level of 2 thanks to an 8-point decline in April, its 9-point May gain enabled it to pull ahead of the Millionaire Investor Confidence Index. The millionaire index also gained in May, although it only added 2 points, bringing it to a neutral level of 1.
Additional data from both indices are available on Spectrem's recently launched Millionaire Corner website.
estment confidence of affluent investors improved in May, more than recouping its April decline during a month when politics and energy prices were top concerns for the nation's wealthiest investors," said George H. Walper Jr. (left), president of Spectrem Group, in a statement. "Interestingly, this advance brought the affluent to a higher level of investment confidence than the millionaire population, which is unusual since millionaires have historically been the more confident group."
