No exodus from deposits looming
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. Conducted in the middle of August, the survey found that investors' main priorities were to invest in superannuation, pay off their debts and increase their at-call or term deposit holdings.The two investment options that had increased in popularity since the June quarter were deposits and investment property.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.Higher income earners expressed a preference for superannuation and property, while lower income earners said they preferred deposits.