Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


New Zealand Investors Remain Resilient

Monday 22 July 2002

New Zealand Investors Remain Resilient

New Zealanders’ investor confidence is at high levels despite declining international equity markets, indicates the latest ASB BANK Investor Confidence Survey for the June Quarter.

Confidence has remained consistently high with a net 21% of respondents expecting better returns from investments over the next year, up from 19% last quarter.

ASB BANK Investments’ Chief Manager, Roger Perry, says Kiwi investor confidence remains positive in stark contrast with flagging confidence in the US, which has taken a blow following a series of corporate accounting scandals.

“A vibrant local economy, including a solid commercial and residential property market, along with the relatively well-performing New Zealand share market, are all likely factors in a bright outlook by Kiwi investors last quarter.”

Mr Perry expects investor’s confidence to be dampened somewhat over the remainder of the year, as rising interest rates act to moderate the economy, while any recovery in international equity markets is likely to be slow.

When asked which particular investment will give the best return over the next twelve months, managed funds remains most favoured. 17% of respondents favour managed investments, compared to 13% favouring residential property, 10% direct share ownership, and 9% term deposits. However, after two years of decline in international markets, confidence in managed funds is weakening. The 17% of respondents favouring managed funds compares with 19% last quarter, and 25% when world share markets were at their peak two years ago.

There is a suggestion in the survey that managed fund investors believe the worst is behind them. When this group is asked about their investments, 46% believe returns will improve, compared to just 11% who see further deterioration.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>