tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Saturday, October 24th, 8:48AM

News

rss
Latest Headlines

Investors' search for returns overrides any market concerns, survey shows

New Zealanders haven’t let Covid-19 put them off investing, new research shows.

Tuesday, July 7th 2020, 6:35AM

Kiwi Wealth’s State of the Investor Nation survey found that a significantly higher proportion of New Zealanders had investments or savings in June compared to February, at 84% compared to 80%.

A year earlier it was 79%.

In total, 22% had made changes to their investments in the past three months compared to 25% who made changes through the full year to February.

Melissa Vasta, general manager of retail and product at Kiwi Wealth said people were putting their money into investments rather than reducing them.

“In fact, fewer were withdrawing money from their investments compared to February. That shows people have been paying attention to their investments. The critical thing is are they making good decisions to achieve their financial goals?

“This is especially true for people in KiwiSaver. For many it’s their primary investment vehicle outside of the home, so they would have been nervous watching their balances drop during the market turmoil.

“The worst thing most could do was change their fund during a market downturn, as that guarantees a loss in real dollars. That’s where the skills of the provider come in, to ensure members are in the correct fund and to help them understand that KiwiSaver is a multi-decades-long investment. Navigating market volatility is the price paid for strong returns this past decade, far greater than could be achieved through term deposits or savings accounts.”

KiwiSaver and savings accounts were still the most popular asset classes in 2020, although a significantly lower proportion of investors had money in term deposits this year.

Kiwi Wealth recorded an increase in the popularity of equities as New Zealanders chased higher returns.

“Across the board New Zealanders are more open to investing in a range of asset classes in 2020. The biggest changes exist around equities, where a significantly lower proportion of Kiwi investors say they wouldn’t consider investing in managed funds and shares in companies.”

This year, 15% said they wouldn’t consider shares compared to 18% last year.

Investors had the most wealth in residential property, followed by commercial property, then unit trust and managed funds. The mean portfolio size had increased by $2,245 to $193,752.

Tags: investment kiwi wealth KiwiSaver

« Commission disclosure: What's material?What I'm seeing at the moment »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.15 3.29 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online 2.95 1.99 2.35 2.45
Heretaunga Building Society 4.99 3.50 3.40 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 2.45 2.65 2.79
Kainga Ora 4.43 2.93 3.07 3.24
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
Lender Flt 1yr 2yr 3yr
SBS Bank 4.54 3.05 2.99 2.99
SBS Bank Special - 2.55 2.49 2.49
The Co-operative Bank - First Home Special - - - -
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 2.79
The Co-operative Bank - Standard 4.40 3.05 3.19 3.29
TSB Bank 5.34 3.29 3.45 3.59
TSB Special 4.54 2.49 2.65 2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 ▼3.09 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - ▼2.49 2.69 2.79
Median 4.55 2.94 2.99 2.80

Last updated: 23 October 2020 5:00am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com