Investors prefer savings accounts & term deposits
The idea that investors are bailing out of at-call accounts and term deposits and getting back into the equity market has been challenged by a new survey by wealth manager MLC.
Investors' main priorities were to invest in superannuation, pay off their debts and increase their at-call or term deposit holdings.
Asked what they were likely to invest in over the next three months, respondents said paying off debt was their top priority, followed by increasing their at-call or term deposit holdings, and then, to a lesser degree, investing in property and superannuation.
Source: Banking Day