Chatham’s experience is not an outlier. Growing numbers of New Zealanders are investing in shares through online investment platforms.
The proportion of New Zealanders investing in shares through online platforms rose from 17 per cent of investors surveyed in 2019 to 21 per cent in 2021, the Financial Markets Authority (FMA) said.
The rise in online investment coincides with a drop in the percentage of people with term deposits, from 34 per cent to 28 per cent, over the same period.
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Leighton Roberts, founder and co-chief executive (pictured left alongside fellow co-chief executives Sonya Williams and Brooke Roberts), said high property prices and ease of access had driven a new type of investor to the sharemarket.