The ANREV Open End Diversified Core Equity (ODCE) Index covers performance of pan Asia core open end funds. The Index has a set of inclusion criteria referenced from the NCREIF ODCE Index and an inception date of Q2 2016.
The Index was launched in 2018 and is published 9 weeks after quarter end.
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The Q3 2024 ANREV ODCE (Open End Diversified Core Equity) Fund Index posted a net total return of 5.92%, up 835 bps from -2.43% posted in Q2 2024.
Key highlights:
- Capital growth increased by 839 bps to 5.21%, while the distributed income return was down by 4 bps posting 0.71%.
- After taking out the currency impact of 5.98%, the index delivered a Local Currency Equivalent Net Return of -0.06%.
- The index features 8 funds, with a total GAV of US$21.5 billion as of the third quarter of 2024.
For any feedback and comments, please contact Daisy Huang or Eileen Chiu.
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The Q2 2024 ANREV ODCE (Open End Diversified Core Equity) Fund Index results were released on 28 August 2024 and posted a net total return of -2.43%, up 147 bps from -3.90% posted in Q1 2024.
Key highlights:
- Capital growth increased by 143 bps to -3.18%, while the distributed income return stands at 0.75%.
- After taking out the currency impact of -1.23%, the index delivered a Local Currency Equivalent Net Return of -1.20%.
- The index features 8 funds, with a total GAV of US$20.6 billion as of the second quarter of 2024.
For any feedback and comments, please contact Daisy Huang or Eileen Chiu.
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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.
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The Q4 2023 ANREV ODCE (Open End Diversified Core Equity) Fund Index results were released on 28 February 2024 and showed a net total return of 3.83%. This marks the first quarter of positive returns following three consecutive quarters of negative returns.
Key highlights:
- Capital growth recovered to 3.14%, while the distributed income return stands at 0.69%.
- After taking out the currency impact of 4.47%, the Local Currency Equivalent Net Return is reported at -0.64%.
- The index features 8 funds, accounting for US$22.3 billion of GAV as of the fourth quarter of 2023.
Please provide feedback and comments to Daisy Huang or Eileen Chiu.
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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
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The Q2 2023 ANREV ODCE Fund Index - Open End Diversified Core Equity (ODCE) results were released on 30 August 2023 and showed a total net return of -3.33% for 8 funds.
Please provide feedback and comments to Daisy Huang or Eileen Chiu.
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To follow market trends and accommodate the recent changes in the US and Europe, ANREV is happy to announce our updated inclusion criteria for the ODCE Fund Index.
Please provide feedback and comments to Amélie Delaunay or Daisy Huang.
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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.
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The Q4 2022 ANREV ODCE Fund Index - Open End Diversified Core Equity (ODCE) results were released on 1 March 2023 and showed a total net return of 8.35% for 8 funds.
Please provide feedback and comments to Justin Wong or Amélie Delaunay.
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The ANREV ODCE local currency equivalent return consultation report aims to improve the transparency of ODCE funds’ performance by providing more information on the component of the returns in stripping out the currency impact.
The local currency equivalent total return was 1.28% in Q3 2022 compared to -4.88% total returns in USD.
Please provide feedback and comments to Amélie Delaunay, Daisy Huang, or Justin Wong.
