The Q4 2023 ANREV index included data contributions from 71 funds with a total gross asset value of US$135.4 billion.

Key highlights:

• ANREV’s All Funds Index posted a total return of -0.97% in Q4 2023, down from -0.93% recorded in Q3 2023.
• Value-added funds reported the only positive total returns of 3.24% over the quarter, outperforming both core and opportunity funds which reported -1.45% and -0.11% respectively.
• The underperformance from the Index was highly impacted by the continued negative performance of the Australian funds which posted -2.66% this quarter. The All Funds ex Australia Index saw a recovery, posting a total return of 2.86%.

Further details of the sub-indices which cover different fund styles and various geographies can be found in the full report.

We would like to thank all the funds that contributed data, and look forward to your continued support in the next round of data collection.
If you have any questions about the index or wish to take part in this industry-led initiative, please contact Daisy Huang or Eileen Chiu.