Post by Kiwi Frontline on Feb 9, 2019 16:10:58 GMT 12
IWI BECOMING A GROWING FINANCIAL FORCE – REPORT
Iwi are a growing financial force to be reckoned with, according to a new report showcasing some of their success over the past five years.
The Auckland-based Ngāti Whātua Ō ākei and the South Island's Ngāi Tahu stand out in TDB Advisory's Iwi Investment Sector report, with an average annual return on their assets of 15 percent and 12 percent, respectively.
Tainui, the second largest iwi with $1.4 billion worth of property assets, had an average annual return of 7 percent.
TDB director Phil Barry said their success was due to being well run and having long-term strategies......