$9.8b iwi economy hit by Covid, tourism downturn
5 Feb, 2021 04:00 PM
5 minutes to read
The pandemic took its toll on nine iwi, depressing returns for those with investments in hard-hit areas such as tourism, adventure activities and hotels. The TDB Advisory Iwi Investment Report 2020, out today, estimates that post-settlement iwi have assets of about $9.8 billion, up from last year s $9.2b, but most failed to achieve benchmark annual returns on their investments.
The study analysed nine iwi which now have $5.7b. That nine hold about 60 per cent of assets owned by all the post-settlement iwi.
Three of the largest iwi - Ngāi Tahu, Waikato Tainui and Tūhoe - recorded losses, the study found.