Optimistic and engaged: NZ investors respond to Covid-19

NZ investor confidence seems to be (almost) immune to market uncertainty, with more and more New Zealanders looking to increase their investments – many of whom do so with the help of a financial adviser.

The Financial Markets Authority (FMA) has recently published the second part of its annual Investor Confidence Survey, focusing on the impact of the pandemic on investors’ behaviours and decision-making.

Somewhat surprisingly, the survey revealed that – despite experiencing losses – most New Zealand investors (70 per cent) remain optimistic in the resilience of the markets, and nearly a quarter of people surveyed said they were planning to increase their existing investments or make new ones in the year ahead.

Kiwis are more engaged than before Covid-19

Also importantly, the survey found that a growing number of Kiwis are taking a greater interest in their wealth management, including KiwiSaver investors.

“There’s no doubt the current circumstances are raising real concerns for a large portion of New Zealanders, but we can still see rays of light from some of those surveyed,” said Gillian Boyes, FMA manager of Investor Capability. “Half of those planning a new investment this year are considering shares which points to the new appetite for direct shares among a younger part of the population. There is even a small portion of people (about 4% of the survey) considering investing for the first time this year, or joining KiwiSaver.”

Here to help

According to the survey, many investors are considering looking for a financial adviser to help review their investments. Would you like us to look at your portfolio, or know someone who could benefit from our services? Please don’t hesitate to contact us. We’re here to help.

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