A strong rebound in capital markets and the country’s containment of Covid-19 has lifted investor confidence in the past year.
The Financial Markets Authority’s (FMA) annual investor survey shows faith in financial markets increased from 66 percent in 2020 to 70 percent in 2021.
The proportion of people with investments was largely unchanged.
But the data suggested investors took advantage of the economic backdrop of the pandemic, such as a low interest rates and a strong sharemarket, and increased their current investments or made new ones in response to low interest rates and a strong sharemarket.
Term deposits fell from 30 percent to 28 percent, while share trading rose from 20 percent to 21 percent and residential property investments…