ASB Investor Confidence Survey

The survey found term deposits remain the favoured investment vehicle, up two points with 21% of investors believing they offer the best value of all investment types. Term deposits were followed by rental property, bank savings (steady at 12%), KiwiSaver/managed  investments/unit trusts/ superannuation (9%) & shares (8%).

Overall investor confidence continued to decline over the three months to June, falling seven points to a net 3%, with an almost even  split between those expecting better or worse investment returns. "The strengthening local economy could create more optimism  among investors in the coming months," said Beale. "However the recent uncertainty around US and Europe and the impact of these  issues here in New Zealand, may mean that investors continue to look to perceived safer investment options."