Investors remain confident in September quarter: ASB

The survey showed confidence remained over a net 20% for the second consecutive quarter, the first time it has stayed above the 20% mark for more than one quarter.

Overall confidence remained unchanged from the previous quarter at 21%.

The bank said in a commentary that confidence levels have only passed the current net 21% level once in the past 10 years. That was in the last quarter of 2003, when investor confidence peaked at a net 24%.

ASB said the level of confidence was encouraging given the high returns to investors across a range of asset classes over the past 12 months, which would normally curb short-term expectations.

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