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.

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