NorthWest's return to NZ's wild west

NorthWest's return to NZ's wild west
Jenny Ruth
Vital Healthcare Property Trust is a very rewarding investment vehicle and always has been since it was created in 1994.The benchmark S&P/NZX 50 Index only goes back to 2004 and, in that time, its property sub-index has gained 9.4 percent annually through to Sept. 30 this year, but Vital has produced a 14.1 percent annual return, including distributions, over the same period.A key to its success is it focused narrowly on hospitals and other medical-related properties. This focus widened recently to include aged care facilities, partly becau...

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