• In July's issue, we have included:     

    Australia

    • Government to consult on revisions to relief regime for foreign financial service providers
    • APRA releases guidance on managing the financial risks of climate change

    Cayman Islands

    • Economic Substance Regime Extended to Partnerships
    • FATCA and CRS Updates
    • AEOI Reporting Deadlines

    China

    • China releases draft implementation rules on cross boundary wealth management connect pilot scheme in Greater Bay Area for public comment.

    Hong Kong

    • SFC announces launch of grant scheme for open ended fund companies and real estate investment trusts. SFC previews new electronic licensing services
    • Government announces passage of Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021

    Japan

    • Clarification of taxation of carried interest for individuals as fund managers in Japan

    Korea

    • Authorities to Ease LTV Rules and Enhance Support for Rent to Help Strengthen Housing Ladder

    Singapore

    • MAS responds to feedback received on consultation on revisions to misconduct reporting requirements for representatives, and consults on proposals to mandate reference checks beyond representatives
    • Guide for climate related disclosures and framework for green trade finance

    Lastly, we would like to thank our committee who helped putting together the newsletter. Details about this committee can be found here.

    July 2021 - Regulatory and tax newsletterPDF
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  • The eighth net / gross return report shows a 3-month total gross return of 3.20% for the period between April and June 2021.
     
    The net / 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 19 ACOE funds.

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

    ANREV Australia Core Open End Fund Monthly Index - Net / Gross Return Report (April to June 2021) PDF
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  • [Slides] The rise of Australian industrial and logistics markets in 2021 & beyondPDF
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    [Recording] The rise of Australian industrial and logistics markets in 2021 & beyondVIDEO
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  • ANREV has launched the sixth release of the ANREV ODCE Asset Level Performance Consultation Report.

    The ANREV Asset Level Performance Report is not an index as the coverage is limited to assets held by 7 funds with a pan Asia core open end strategy.

    The ANREV Asset Level Performance Report results are based on asset level data that is provided to ANREV directly from 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 Justin Wong or Amélie Delaunay.

    ANREV ODCE Asset Level Performance Consultation Report Q1 2021PDF
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    ANREV ODCE Asset Level Performance Consultation Report Q1 2021XLSX
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    ANREV ODCE Asset Level Performance Consultation Report Q1 2021 SnapshotPDF
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    • Funds of funds AUM rose to at least US$53.2 billion globally end of 2020
    • As a group funds of funds delivered a positive average net return of 1.6% in 2020
    • Large open end core vehicles with a global strategy dominate the market for funds of funds

    On average funds of funds continue to deliver positive returns for eight consecutive years, with an average 1.6% in 2020.

    The performance data presented in this report is not intended to serve as a benchmark and should be used for research and information purposes only.

    ANREV Fund of Funds Study 2021PDF
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    ANREV Fund of Funds Study 2021 (Snapshot)PDF
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  • [Slides] What's next? ESG and innovation in real estate industryPDF
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    [Recording] What's next? ESG and innovation in real estate industryVIDEO
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  • The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 3.08% in June 2021. The ACOE includes 19 funds with a total GAV of AUD 118.00 billion.

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

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

    ANREV Australia Core Open End Fund Monthly Index (June 2021)PDF
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    ANREV Australia Core Open End Fund Monthly Index (June 2021) SnapshotPDF
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    ANREV Australia Core Open End Fund Monthly Index (June 2021) Excel XLSX
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  • [Slides] What happened in the Asia Pacific real estate markets in 2020?PDF
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    [Recording] What happened in the Asia Pacific real estate markets in 2020?VIDEO
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  • The sixth consultation release of the Global IRR Index includes 338 funds with non-core strategies, comprising of 290 value added and 48 opportunity funds.

    Key highlights:
    > This Global IRR Index release features 80 Asia Pacific, 109 European and 149 US funds
    > Funds launched in 2019 delivered an average IRR of -7.4%, the weakest performances of all vintages in the Global IRR Quarterly Index

    Global IRR Q1 2021PDF
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    Global IRR Q1 2021XLSX
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    Global IRR Q1 2021- SnapshotPDF
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    Global IRR Q1 2021- SnapshotXLSX
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  • 2020 ANREV Annual ReportPDF
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