New seat in the chair at TAHITO

Indigenous, ethical investment fund, TAHITO, gets a new chair.

Monday, March 20th 2023, 3:57PM

June McCabe has joined as chair of TAHITO Limited. TAHITO is a unique company that manages client wealth using an investment framework founded upon indigenous Māori values and an ethical and sustainable worldview.

McCabe has more than 25 years’ experience in governance roles in both the private and not for profit space, primarily involved in the wealth management, banking, finance and Māori/iwi sectors.

McCabe says TAHITO, as far as she is aware, is the world’s first indigenous, ethical investment fund. "TAHITO has a strong record of generating attractive returns for clients while investing in sustainable businesses.”

TAHITO’s first fund, which is a PIE structure, invests in a trans-Tasman portfolio of listed New Zealand and Australian shares. This fund, The TAHITO Te Tai o Rehua Fund was established in 2019 and is now approaching $20 million in funds under management and has outperformed its benchmark indices since inception.

The fund has recently received Responsible Investment Certification status from the Responsible Investment Association Australasia (RIAA).

TAHITO concentrates on doing good in its pursuit to reconnect people and the environment. "In doing so, we acknowledge that efforts in many areas, including responsible investing, biodiversity, climate change, community enrichment, equity and diversity are all important in transforming our behaviours from net-worth to net-wellbeing. In Māori, we refer to Mauri o te Aroha, ora o te Aorha, Mauriora," she says.

McCabe replaces Angela Busby, who was TAHITO’s founding chair.

Tags: Tahito