The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.21% in May 2024. The ACOE includes 17 funds with a total GAV of AUD 116.77 billion.

The ACOE Index also reports data on geographic allocation by sector.

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.

The Q1 2024 ANREV index included data contributions from 77 funds with a total gross asset value of US$147.9 billion.

Key highlights:

• ANREV’s All Funds Index posted a total return of -1.71% in Q1 2024, down from -0.89% posted in Q4 2023.

• Opportunity funds posted the only positive total returns of 0.52%, outperforming both core and value-added funds which reported -1.75% and -2.22% respectively.

• Both multi-sector and single-sector funds reported negative returns, posting -2.41% and -1.15% respectively

Further details of the sub-indices which cover different fund styles and various geographies can be found in the full report.

We would like to thank all the funds that contributed data, and look forward to your continued support in the next round of data collection. If you have any questions about the index or wish to take part in this industry-led initiative, please contact Daisy Huang or Eileen Chiu.

ANREV, INREV and NCREIF present the fifth edition of the Global ODCE (Open End Diversified Core Equity) Fund Consultation Index, consisting of 49 funds with a combined total gross asset value of US$ 355.8 billion. 

Key highlights include: 

• The Q1 2024 Global ODCE reported a net total return of -2.35%, marking the seventh consecutive quarter of negative performance. On a 1-year rolling annual basis the total return stands at -9.01%.
• Europe outperformed the other regions with a total return of -0.56%, followed by the US with -2.58%, and -3.90% in Asia Pacific. Other than Asia Pacific, all regions saw a quarter-on-quarter increase in performance.
• On a five-year annualized basis, the Global ODCE Index shows an aggregated total return of 1.94%. Asia Pacific posted the highest annualized total return of 2.73%, followed by the US with 2.56%, and 0.19% in Europe.

 Please contact Amélie Delaunay, Daisy Huang or Eileen Chiu should you have any questions regarding the Index.

The ANREV Australia Farmland Index provides financial performance of 61 different properties of market value over AUD 2.1 billion in farmland.

ANREV Australia Farmland Index returned -0.45% on a 12-month rolling basis in Q1 2024.

On an annualized rolling return basis, the income return was at -0.32% in Q1 2024.

Capital growth was at -0.18% in Q1 2024 on a 12-month rolling basis.

We would like to thank all the managers for their data contribution.

If you have any questions about the Index, please contact Daisy Huang or Donald Lam.

The Q1 2024 ANREV ODCE (Open End Diversified Core Equity) Fund Index results were released on 29 May 2024 and posted a net total return of -3.90%, down 773 bps from 3.83% posted in Q4 2023.

Key highlights:

• Capital growth dropped by 770 bps to -4.61%, while the distributed income return stands at 0.71%.
• After taking out the currency impact of -4.20%, the index delivered a Local Currency Equivalent Net Return of 0.30%.
• The index features 8 funds, with a total GAV of US$21.3 billion as of the first quarter of 2024.

Please provide feedback and comments to Daisy Huang or Eileen Chiu.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -0.05% in April 2024. The ACOE includes 17 funds with a total GAV of AUD 116.88 billion.

The ACOE Index also reports data on geographic allocation by sector.

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.

The 2023 ANREV annual index included data contributions from 78 funds with a total gross asset value of US$148.1 billion.

Key highlights:

• ANREV’s Annual All Funds Index posted a total return of -4.08% in 2023, down from 5.02% in 2022.
• Value-added funds outperform core and opportunistic funds, posting a total return of 1.98%. Core funds reported the only negative returns across the 3 strategies, with a total return of -5.13%.
• Both multi-sector and single-sector funds reported negative returns.

Further details of the sub-indices which cover different fund styles and various geographies can be found in the full report.

We would like to thank all the funds that contributed data, and look forward to your continued support in the next round of data collection.
If you have any questions about the index or wish to take part in this industry-led initiative, please contact Daisy Huang or Eileen Chiu.

The Q4 2023 release of the Global IRR Index monitors a sample of 381 closed end funds across vintages from pre-2001 to 2022. All of these 381 funds follow a non-core strategy as defined by their managers and include 331 value added and 50 opportunistic funds.

Key highlights:

• This release of the Global IRR Index features 69 Asia Pacific funds, 145 European and 167 funds focused on the USA.

• The IRR of funds in Post 2019 group deteriorates, displaying an equally weighted IRR of -8.96%.

• A majority of funds follow value added and single country strategies.

• The performance of the USA’s 2008-2010 fund vintage continues to lead all cohorts in all regions.

The Global Internal Rate of Return (IRR) Index is jointly produced by INREV, ANREV and NCREIF to measure the IRR performance of closed end non-listed real estate vehicles since inception on a global scale.

For any queries please contact Amélie Delaunay, Daisy Huang, or Eileen Chiu.

The eighteenth gross return report shows a 3-month total gross return of -1.84% for the period between January and March 2024.
 
The gross return report is a supplementary report to the ANREV Australia Core Open End Fund Monthly Index (ACOE) published one month after every quarter showing aggregated gross returns of the 17 ACOE funds.

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -1.90% in March 2024. The ACOE includes 17 funds with a total GAV of AUD 117.06 billion.

The ACOE Index also reports data on geographic allocation by sector.

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.