New Zealand’s Financial Markets Authority (FMA) just this Thursday published its per annum Investor Confidence Survey. Despite the ongoing COVID-19 caused difficulties, the confidence of New Zealander investors has remained high, the report reads.
The FMA survey reveals that for a third year in a row the confidence in the markets has basically stayed within the same range. This might come as a surprise to many, most notably because of the virus epidemic that has been the undoing of many a business, as well as affecting the trading market is unexpected ways.
The FMA survey was conducted between the 5th and 14th May this year, a period when New Zealand was in a Level 3 lockdown. Even then, 2/3rd of interviewed investors remained confident in the country’s markets.
Interestingly, the percentage of investors who have not know about confidence in the markets has seen a stable decrease to 8% from last year’s 15%. The FMA claims this to be a sign of an increased interest in the financial markets industry by New Zealanders.
Furthermore, the survey also acquired about the confidence participants had for the market regulation. The results were also a surprise, showcasing an increase to 68 per cent in 2020.
For those participants in the survey who have increasing their investment and subsequent trading activity in the past 12 months, their most preferred activity was to purchase shares or managed funds.