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.


Ends.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news