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$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. ....