Spectrem Group said Wednesday that its affluent investor index fell two points in March.
The index thus returned to neutral ground, where it has been in seven of the past nine months. The decline came as affluent investors expressed increasing concern that inflation would hinder their ability to achieve household financial goals.
The index, which tracks individual investors with at least $500,000 of investable assets, stood at the mildly bullish level of 11 in February, compared with a neutral 8 in January and a mildly bullish reading of 13 in December. For the five months before that, the index was neutral.