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Post by Kiwi Frontline on Mar 1, 2020 4:37:30 GMT 12
IWI INVESTMENT NOT MAXIMISING RETURNS FOR MEMBERS – REPORTIwi are too reliant on investments in property and primary industries, restricting returns for their members, according to a new report. The annual Iwi Investment Report by consulting firm TDB Advisory, showed the country's eight largest iwi with a collective $9 billion worth of assets, had weak growth in the 2019 year. Six of the iwi reported lower returns, while only two, Ngāpuhi and Tūhoe, reported gains, albeit of less than 2 percent. Ngāi Tahu, Ngāpuhi, Ngāti Awa, Ngāti Whātua Ōrākei and Waikato-Tainui were invested in mostly property and primary industries, including fishing or forestry. Ngāti Porou, Raukawa, and Tūhoe invested mostly in managed funds, while all of the iwi had taken steps to invest in public or private companies..... www.rnz.co.nz/news/te-manu-korihi/410601/iwi-investment-not-maximising-returns-for-members-report
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