The Q4 2020 ANREV ODCE Fund Index - Open End Diversified Core Equity (ODCE) results were released today and show a total return of  6.10%.

Please provide feedback and comments to Kip Kong or Amélie Delaunay.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.36% in January 2021. The ACOE includes 19 funds with a total GAV of AUD 112.49 billion.

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

Please contact Daisy Huang or Katrina Wong if you have any questions regarding the Index.

ANREV Professional Standards Committee and PwC invited investment managers to a series of round table discussions, hosted in Hong Kong and Singapore, which provided opportunities for managers to discuss with their peers issues they experienced through the year especially around valuation uncertainties and specific disclosures linked with the COVID 19 pandemic.

The topics that were discussed during the events were:

• COVID 19 in general, length of the pandemic and underappreciation of long term impact
• Managing cash flow income, tenant credit risk, and meeting loan covenants
• Rent collection and rents relief / deferral requests from tenants and any impacts to valuation
• Valuation, including working with valuers in respect of caveats or material uncertainty clauses
• Liquidity in general and whether redemptions and subscriptions should be met on NAVs today for OE vehicles
• Investors’ inquiries and expectations on disclosures

A summary of the discussions may be found in the links below.

Additionally, ANREV has conducted an additional survey investigating the ‘Impact of COVID-19 on valuations’. The survey was distributed to fund managers during the data collection of ANREV Quarterly Index Q3 2020. They were asked to fill in the extra questionnaire to look into the impact of the “Material Uncertainty clause” on asset valuations, suspension of trading and status of rent collection.

To access a snapshot of the survey results please follow the link below.