Investors traded a record $3.21 billion on the stock trading platform Sharesies in the three months to the end of December - an amount almost double the previous $1.71b quarterly record.
Users were increasingly allocating funds to United States share markets, with the Smart US 500 exchange-traded fund (ETF) the most popular investment in the quarter, pushing Air New Zealand to second.
More money was allocated as investors generally increased their confidence in the market, according to Sharesies' quarterly index which finished the quarter at 55 - the highest reading for the measure since 2022.
Net deposits on the platform were lower on average, compared to the previous quarter, with interest rate cuts potentially leading investors to allocate funds into other assets such as property.
Rate cuts also impacted inflows to Sharesies’ save product, although demand for its tax efficient portfolio investment entity save offering increased.
