Retail investors seeking US exposure as confidence returns

Sharesies’ latest data shows a return in retail investor confidence in the final months of 2024 with investors continuing to look for US exposure via ETF.

The wealth app’s index score of 55 for the fourth quarter indicates sentiment in the ‘confident’ range, moving up out of the ranges of ‘concerned’ and ‘balanced’ seen earlier in the year in the Sharesies Index. It’s the highest score since 2022.

The platform also saw record trading for the quarter of NZD $3.21 billion - near double the previous record.

Sharesies Acting Commercial and Financial Officer Erin Avery says with two cuts in the official cash rate this quarter, many investors may have taken an opportunity to assess where they allocate and grow their wealth.