CHICAGO (HedgeWorld.com)–Spectrem Group announced that its Affluent Investor Index, which measures the investment outlook of households with US$500,000 or more in investable assets, more than doubled in December, to a “mildly bullish” level unseen since June.
Meanwhile, the more exclusive Spectrem Millionaire Index also rose. This index measures the investment outlook of households with US$1,000,000 or more in investable assets and has been mildly bullish since October.
“Affluent investors put election uncertainty behind them in December and returned to a mildly bullish outlook–regaining a level of optimism last seen in early summer. These investors appear to be refocusing their attention on long-term issues such as the economy, unemployment, inflation and terrorism … Combined with increased optimism among millionaires, this is a welcome development for an important investor group as we begin the New Year,” said George H. Walper, Jr., president of the Spectrem Group.
The Spectrem Group is a strategic consulting firm specializing in the affluent and retirement markets.