Kiwi Investors Resist Playing The Share Market
August 7th, 2009
Wealthy Kiwi investors are not putting their money into the productive economy - they are sitting on their fortunes and resisting the temptation to play the sharemarket. ING’s quarterly investor survey shows sentiment among our wealthiest private investors improved by 25% in the second quarter, lifting their overall outlook from “pessimistic” to “neutral” for the first time since late 2008. But with countries such as China and India enjoying a much greater improvement in sentiment, NZ investors are bottom of the list of 13 countries surveyed. The poll of investors with portfolios worth more than US$100,000 found cash was now the most popular investment option for Kiwis, with 70% holding cash or term deposits.
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