ANREV has launched the fourteenth 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 or Daisy Huang.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.23% in July 2023. The ACOE includes 17 funds with a total GAV of AUD 122.65 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, INREV and NCREIF are excited to launch the first Global Open End Diversified Core Equity Funds Index. The consultation release measures the net asset value quarterly performance, net of fees and other costs, with a near-term plan to report gross of fees performance.

Key highlights include: 

• The Q1 2023 total return was -1.9% with negative performance across all the three global regions. Asia Pacific delivered the strongest performance at -0.43%, followed by Europe on -1.89% and the US with a total return of -3.38%. 
• On a five-year annualised basis, the Global ODCE Index shows an aggregated total return of 4.89%. 
• The US outperformed the other two regions with a total return of 6.56%. Asia Pacific posted 4.89%, while Europe delivered 3.26%.

 Please contact Amélie Delaunay or Daisy Huang if you have any questions regarding the Index.

The fourteenth consultation release of the Global IRR Index includes 346 funds with non-core strategies, comprising of 305 value added and 41 opportunity funds.

Key highlights:

• This Global IRR Index release features 71 Asia Pacific, 122 European and 153 US funds
• The IRR of funds with a first closing in 2020 has decreased by more than six percentage points
• A clear majority of funds follow a single country strategy
• At 18.7%, the performance of the USA’s 2008-2010 fund vintage is the strongest by far

ANREV has launched the Q1 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 Q1 2023 sample of the ANREV IRR index includes 71 funds.

We welcome any questions or comments - please email Daisy Huang or Justin Wong.

Welcome to the June 2023 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 Q1 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 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 negative total return of -1.79% in Q1 2023.
• Global strategy funds outperformed regional funds, maintaining positive performance this quarter.
• The GREFI Core funds underperformed their riskier peers, with aggregated quarterly total returns of -1.98% and -0.87%, respectively.

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.

• ANREV’s All Funds Index returned 0.33% in Q1 2023, up from 1.68% in Q4 2022.

• Value added funds outperformed core and opportunity funds with returns of 1.99% versus 0.13% and 1.49% respectively.

Data contributions were received from 77 funds with a total gross asset value of US$156.3 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 or Justin Wong.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.15% in May 2023. The ACOE includes 17 funds with a total GAV of AUD 124.81 billion.

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

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

The ANREV Australia Farmland Index provides financial performance of 58 different properties of market value over AUD 1.83 billion in farmland.

ANREV Australia Farmland Index returned 4.82% on a 12-month rolling basis in Q1 2023.

On an annualized rolling return basis, the income return was at 1.12% in Q1 2023.

Capital growth was at 3.68% in Q1 2023 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, Justin Wong or Donald Lam.

The Q1 2023 ANREV ODCE Fund Index - Open End Diversified Core Equity (ODCE) results were released on 31 May 2023 and showed a total net return of -0.43% for 8 funds.

Please provide feedback and comments to Justin Wong or Amélie Delaunay.