Financial advisers can help boost confidence: FMA
The FMA has released it latest survey on the public’s attitude to financial markets. It found 66% of investors were confident in markets, down from 69% last year but up on 2013-2016.
The main reason given for being confident in New Zealand financial markets was the stability of the markets and/or the economy.
Everett said: “Investor sentiment and market performance have typically driven some of the scores in this survey. It is heartening to see that confidence, while dipping slightly, has been broadly stable in the event of significant issues both offshore and in local financial services.”
People most likely to be more confident in the markets and in its regulation were those in managed funds or shares, who were older, more experienced investors and male. They were also more likely to be aware of the FMA and its role in supporting market integrity.
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