Welcome to the April 2019 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q4 2018.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The GREFI All Funds Index delivered a Q4 total return of 1.89%, up from 1.88% previously, according to the latest release of the Global Real Estate Fund Index (GREFI) 

Key highlights:

• Asia Pacific outperformed Europe and US with a total return of 2.84% over Q4
• Non-core funds outperformed core funds with returns of 2.30% and 1.81% respectively

From Q3 2018 edition onward, the GREFI Index will no longer include US closed end value added funds (NPI - CEVA Index)

Please send any queries to [email protected] or [email protected].

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.66% in Mar 2019. The ACOE includes 19 funds with a total GAV of AUD 109.63 billion.

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

ANREV has launched the Q4 2018 IRR Index by vintage. The IRR Index measures performance of value added and opportunistic non-listed closed end funds investing in Asia Pacific.

Several funds were unable to provide data due to auditing constraints,  resulting of a total of 63 funds.

We welcome any questions or comments - please email [email protected]

The document is a distillation of information provided to ANREV by non-listed property vehicles, as well as publicly available information of other non-listed property vehicles, in order to give a view on the size and composition of the Asia Pacific non-listed property funds market over a particular period of time.

If you have any questions, please contact Daisy Huang at [email protected].

• The ANREV All Funds index returned 2.84% in Q4 2018
• Value added funds overperformed core and opportunity funds returning 4.40% compared with returns of 2.93% and -0.70% respectively.

Data contributions were received from 89 funds with a total gross asset value of US$124.7 billion. Further detail of the sub-indices which cover fund style and various geographies can be found in the full report.

We would like to thank all the companies that supported the data collection exercise and look forward to your continued support in the next round of data collection.

If you have any questions about the ANREV Index or want to take part in this industry-led initiative, please contact Daisy Huang at [email protected] or Kip Kong at [email protected].

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.31% in Feb 2019. The ACOE includes 19 funds with a total GAV of AUD 108.28 billion.

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

ANREV has launched the fifth release of the ANREV Pan Asia Open-End Diversified Core Fund Index (ODCI).

Please provide feedback and comments to Kip Kong at [email protected] or Amélie Delaunay at [email protected]

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.33% in Jan 2019. The ACOE includes 19 funds with a total GAV of AUD 108.00 billion.

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 1.79% in Dec 2018. The ACOE includes 19 funds with a total GAV of AUD 107.82 billion.

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

Welcome to the January 2019 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q3 2018.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The GREFI All Funds Index delivered a Q3 total return of 1.89%, down from 2.10% previously, according to the latest release of the Global Real Estate Fund Index (GREFI) 

Key highlights:

• The US outperformed Europe and Asia Pacific with a total return 2.02%, 1.79% and 1.59% respectively
• Non-core funds continue to outperform core funds, recording a quarterly return of 2.02% for non-core and 1.86% for core
• Open end funds outperformed GREFI All Funds, reaching 1.97%, down from 2.23%

From this edition onward, the GREFI Index will no longer include US closed end value added funds (NPI - CEVA Index)

Please send any queries to [email protected] or [email protected].