Investors remain confident in September quarter: ASB

Tuesday 19 October 2004

Investors remain optimistic the good times will keep on rolling and confidence in the September quarter remained high, according to the latest ASB Bank Investor Confidence Survey released today.

By The Landlord

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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