•The ANREV’s All Funds index returned 2.42% in Q4 2019, up from 1.15% in Q3.

•Value added funds overperformed with a reported return of 5.58% vs 2.02% for core and 1.81% for opportunity funds.

Data contributions were received from 90 funds with a total gross asset value of US$127.8 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].