October 25, 2022
Māori ethical fund beating market
A Māori investment manager says his fund’s ethical and sustainable kaupapa has turned out to be a barrier to getting business from some of the bigger Māori entities.
Temuera Hall from Ngāti Tūwharetoa man says many Māori organisations let pakeha investment firms manage their money- who tend to be conservative and traditional.
But he says his three-year-old Tahito fund, with just $17 million dollars under management – has been very competitve in its chosen Australasian finance markets.
“So we’ve been able to outperform since inception which is better than expected but it just proves this type of indigenous, Maori ethical, sustainable investment works and can provide competitive returns,” He says.
Mr Hall says to reach critical mass Tahito needs $50 million under management, but it won’t compromise its kaupapa of environment, people and then profit.