The Q3 2023 ANREV ODCE (Open End Diversified Core Equity) Fund Index results were released on 29 November 2023 and showed a net total return of -2.64%. This marks the third consecutive quarter of negative returns from the index.

Key highlights:

• Capital growth remained negative at -3.36%, while the distributed income return stands at 0.73%.
• After taking out the currency impact of -2.16%, the Local Currency Equivalent Net Return is reported at -0.47%.
• The index includes 8 funds, accounting for US$21.5 billion of GAV as of the third quarter of 2023.

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 -0.42% in October 2023. The ACOE includes 17 funds with a total GAV of AUD 121.40 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 seventeenth gross return report shows a 3-month total gross return of -1.12% for the period between July and September 2023.
 
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 -1.74% in September 2023. The ACOE includes 17 funds with a total GAV of AUD 121.41 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.

ANREV has launched the fifteenth release of the ANREV ODCE Asset Level Performance Consultation Report.

The ANREV Asset Level Performance Report is not an index as the coverage is limited to assets held by 8 funds with a pan Asia core open end strategy.

The ANREV Asset Level Performance Report results are based on asset level data that is provided to ANREV directly from managers. Data collection starts immediately after a quarter has ended for a period of up to 6 weeks after quarter end.

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

The fifteenth consultation release of the Global IRR Index includes 372 closed-end funds with non-core strategies, comprising of 322 value added and 50 opportunistic funds. 

Key highlights:

• This release of the Global IRR Index features 72 Asia Pacific, 142 European and 158 US funds.

• The IRR of funds with a first closing post 2019 has decreased and became negative in Q2 2023.

• A clear majority of funds follow a single country and value-added strategy.

• At 18.7%, the performance of the USA’s 2008-2010 fund vintage is the strongest by far.

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

ANREV has launched the Q2 2023 IRR Index by vintage. The IRR Index measures performance of value added and opportunistic non-listed closed end funds investing in Asia Pacific.

The Q2 2023 sample of the ANREV IRR index includes 72 funds.

We welcome any questions or comments - please email Daisy Huang or Eileen Chiu.

Welcome to the September 2023 update of the Global Real Estate Fund Index (GREFI). This index shows the performance of non-listed real estate funds on a global basis and is jointly created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q2 2023.

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 supplement file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering more than 15 years of performance across all regions.

Key highlights:

• The GREFI All Funds Index delivered a total return of -1.83% in Q2 2023 and was negative for the fourth consecutive quarter.
• Global strategy funds outperformed regional funds with a return of 0.35%.
• The GREFI Core funds underperformed their riskier non-core peers in all three regions.

Please send any queries to Daisy Huang, Eileen Chiu or Amélie Delaunay.