The Sharesies Index: Inside the latest investor trends
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What is the main topic discussed in this episode?
You're listening to a Sharesies podcast. Sharesies Index is hot off the presses. This is a quarterly report that aggregates a whole bunch of data from over a million Sharesies investors to indicate where the mood might be trending. I'm Laura Marwick and I'm here with Jordan Cunningham, Sharesies head of data and analytics. We're going to dig into some of the index data from the latest quarter. So, Jordan, can you just give us a quick overview of the latest index findings?
What does the latest Sharesies Index reveal about investor confidence?
Sure. The index came in this quarter actually back into the confident range. So we started the quarter at 43 in the balance space. You know, still a little bit of weighing on the market and on our investors around geopolitical tensions, you know, cost of living. We actually saw it rose throughout the quarter to finish at 57 at the end of June.
And what was the most unexpected finding from the latest data?
We saw this quarter actually a change in the top company of the Sharesies bundle. So we measure the Sharesies bundle, which is a reflection of the number of customers holding investments across the platform, as well as how much of their portfolio those investments make up. And we rank the investments on the platform. So across everything, actually, the top investment was still the US 500 ETF from Smart. And that has remained solid for a while. But Air New Zealand previously held that top company position. And for the first time since we actually began reporting in 2023, that has moved down to the second position and it was overtaken by Rocket Lab. So really interesting to see that position change.
And Rocket Lab was actually the third company, rose two places to kind of take that top spot.
That's interesting. Most of us are pretty familiar with Air New Zealand and are probably using their services from time to time. Most of us aren't going to space. Do we think that this is just a case of Air New Zealand having had a bit of a rough go of it lately? Or is there kind of something else at foot here that investors are switching their attention to something that's quite a bit more abstract?
Probably a combination. So Air New Zealand has had a bit of a tricky last period and Rocket Lab has had quite a lot of strength in share price growth over the quarter. But we also have seen, you know, it has Kiwi roots and there is really a strong desire from a wide range of customers to hold that investment. And we also, I think, see that although there were periods actually where we actually saw net selling of Rocket Lab during the quarter when prices really shot up, the overarching sentiment is investors may be seeing space as a long-term growth play.
Why did the Index move from Balanced to Confident during the quarter?
And while it's not something we're going to space now, looking forward, there is that potential to kind of see where this could go and see these long-term valuations. that combination of that Kiwi base that we although not as perhaps not as Kiwi as Air New Zealand you know has those roots here and a lot of interest in that in that organization plus a really strong share price growth across the quarter really drove that top position.
And SpaceX has obviously also just had this very high profile IPO does that factor into this sort of greater buzz around the space industry?
It certainly has been something that a lot of analysts and investors have had their eyes on. We actually saw SpaceX debut into the bundle as the 23rd most widely held investment and 11th company. So a really strong kind of opening position for having only IPO-ed within the quarter as well. So there's definitely a broad range of investors looking at SpaceX as well. And time will tell kind of how that plays out going forward.
A couple of the important indicators that go into sort of gauging where the index lands for the quarter is that net deposits and also the buy to sell ratios, both of those looked quite strong this quarter. What does that kind of tend to indicate about investors' sort of perceptions or intentions?
Yeah, so both of those indicators are really positive levers on the index.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:01–0:30
2
What does the latest Sharesies Index reveal about investor confidence?
0:30–2:35
3
Why did the Index move from Balanced to Confident during the quarter?
2:35–5:05
4
How did Rocket Lab overtake Air New Zealand as a top holding on Sharesies?
5:05–6:37
Speakers
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