ASB’s investor confidence survey released today showed that the pessimists still outnumbered the optimists for the three months to June, with a net 11 percent having a gloomy view.

This was a sharp improvement on the 25 percent expecting things to get worse in the three months to March.

New Zealander’s love affair with housing as an investment now seems to be making a strong comeback.

This was the top-rated form of investment in the latest survey with 18 percent, up from 15 percent favouring rental property as something to do with their money.

Obviously this is due to a lack of understanding and not reading my musings (just kidding).

Managed funds attracted “relatively lacklustre” support, down to 9 percent from 10 percent – but there was a large rise in confidence during June in this kind of investment.

Confidence in Kiwisaver continues to improve, with nearly one third of those surveyed now with Kiwisaver. The quarter also saw a significant increase in those who say they intend to use Kiwisaver in future.

Interesting figures which pretty well reinforce the experiences that I have seen over the last few months in the markets.