Investors expect more information in Covid environment
Chartered Accountants Australia and New Zealand's latest investor confidence survey showed about three-quarters of New Zealand investors had some or quite a bit of confidence in capital markets and in investing in listed companies, almost unchanged from last year’s survey.
That was based on a belief that the New Zealand economy will recover well from Covid-19, faith in the NZX’s history of bouncing back and confidence in the Government.
Those who were worried were concerned about the impact of lockdown measures, concerns about the economy and market volatility.
"This level of investor confidence and buying activity is more than surprising in the face of what the OECD has described as the most severe economic recession in nearly a century," said Amir Ghandar, CA ANZ’s reporting and assurance leader.
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