Investor confidence is resilient despite the ongoing Eurozone woes, the latest quarterly ASB Investor Confidence Survey shows – and confidence in Canterbury is up.
Confidence is down one point to a net 5 percent, and ASB Head of Private Banking and Wealth Management Jonathan Beale says investors “now appear to be resigned to the reality of a low interest rate environment… and are adjusting their expectations accordingly”.
He says investors are “digging in” for a long period of low rates, combined with subdued growth from Europe.
However confidence is up in Canterbury as the region enters recovery, jumping from net 1 percent to net 12 percent, which Mr Beale says is “almost certainly lifting the result for the rest of the country”.
“An 11 percent jump is significant, and shows that sentiment in the region is recovering after taking an unsurprising dive following the February 2011 earthquake,” he says.
Term deposits remain the most popular investment class, while rental property remains in second place.
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