The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.27% in February 2024. The ACOE includes 17 funds with a total GAV of AUD 119.11 billion.

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

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

ANREV, INREV and NCREIF present the fourth edition of the Global ODCE (Open End Diversified Core Equity) Fund Consultation Index, consisting of 49 funds with a combined total gross asset value of US$ 365.2 billion. 

Key highlights include: 

• The Q4 2023 Global ODCE reported a total return of -1.81%, marking the sixth consecutive quarter of negative performance. Asia Pacific outperformed the other regions with a total return of 3.83%, followed by Europe with -4.28%, and -5.00% in the US.
• On a five-year annualised basis, the Global ODCE Index shows an aggregated total return of 2.68%. Asia Pacific showed the highest annualized total return of 3.88%, the US posted 3.34%, while Europe delivered 0.52%.
• Other than Asia Pacific, all regions recorded a quarter-on-quarter decrease in performance.

 Please contact Amélie Delaunay, Daisy Huang or Eileen Chiu should you have any questions regarding the Index.

The ANREV Australia Farmland Index provides financial performance of 61 different properties of market value over AUD 2.05 billion in farmland.

ANREV Australia Farmland Index returned -1.51% on a 12-month rolling basis in Q4 2023.

On an annualized rolling return basis, the income return was at -1.19% in Q4 2023.

Capital growth was at -0.37%% in Q4 2023 on a 12-month rolling basis.

We would like to thank all the managers for their data contribution.

If you have any questions about the Index, please contact Daisy Huang.

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.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.25% in January 2024. The ACOE includes 17 funds with a total GAV of AUD 118.71 billion.

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

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.

The Q3 2023 ANREV ODCE Asset Level Performance Consultation Report posted a total return of 0.34%, comprised of -0.70% capital growth and 1.04% income return. Slightly improving from the previous quarter’s returns of 0.13%. The report measures the asset level returns of 221 investments owned by 8 ODCE funds valued at US$19.68 billion as of Q3 2023.

Due to its limited coverage this report is not considered as an index. The report's results are generated based on the asset level data provided to ANREV directly from the contributing managers. Data collection starts immediately after a quarter has ended for a period of up to 6 weeks after quarter end.

Please provide feedback and comments to Amélie Delaunay, Daisy Huang or Eileen Chiu.

This Global IRR Index consultation release monitors 381 closed end funds across vintages from pre-2001 to 2022. All of these 381 funds follow a non-core strategy as defined by their managers and include 333 value added and 48 opportunistic funds.

Key highlights:

• This release of the Global IRR Index features 70 Asia Pacific funds, 145 European and 166 funds focused on the USA.
• The two strongest vintage groups are still represented by funds launched before 2001 and between 2011-2013. They posted average IRRs of 14.7% and 14.2%, respectively.
• The post 2019 vintage group with funds launched in the years before the current downturn delivered the lowest performance with an equally weighted IRR of -1.8%.
• The best performing vintage group continues to be the USA’s 2008-2010 cohort which has delivered an equally weighted IRR of 18.7%.

The Global Internal Rate of Return (IRR) Index is jointly produced by INREV, ANREV and NCREIF to measure the IRR performance of closed end non-listed real estate vehicles since inception on a global scale.

For any queries please contact Amélie Delaunay, Daisy Huang, or Eileen Chiu.

The eighteenth gross return report shows a 3-month total gross return of -3.14% for the period between October and December 2023.
 
The gross return report is a supplementary report to the ANREV Australia Core Open End Fund Monthly Index (ACOE) published one month after every quarter showing aggregated gross returns of the 17 ACOE funds.

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -3.18% in December 2023. The ACOE includes 17 funds with a total GAV of AUD 118.29 billion.

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

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.