Investor confidence leaps

A net 17% of respondents to the ASB Bank investor confidence survey expected better returns from investments in the coming year, up from a new 10% in the June quarter.

The rise in confidence for the three months ended September -the biggest increase since the first quarter in 2002- was also because of a more stable global environment and good returns from key world markets, the survey says.

New Zealand investors' preference for residential property remained well ahead of all other investment types, with a net 22% result seeing it as the best option compared with a net 21% in the previous quarter.

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