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

Following the publication of the ‘Assets Under Management 2021’ paper which aimed to provide a clear overview of the main components considered by investment managers used to calculate AUM, we are pleased to announce the launch of an AUM basis of disclosure tool to help investment managers facilitate clear and transparent reporting of AUM components.

The Global Standards Steering Committee (SSC) have developed this new excel based tool which includes drop down menus to specify how each of the AUM components is reported within the calculation. Once completed, the resulting amount of AUM can be reported with accompanying disclosures as deemed appropriate by the preparer.

ANREV has launched the Q1 2021 IRR Index by vintage. The IRR Index measures performance of value added and opportunistic non-listed closed end funds investing in Asia Pacific.

The Q1 2021 sample of the ANREV IRR index includes 80 funds.

We welcome any questions or comments - please email Daisy Huang or Justin Wong.

Message From The Chief Executive -  ANREV Investor Advisory Council and the Manager Advisory Council

Message From The Chief Executive - ANREV has been the establishment and commencement of operations of the Investor Advisory Council and the Manager Advisory Council.

Welcome to the June 2021 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q1 2021.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a local currency total return of 1.64% in Q1 2021. The latest results are close to the pre-pandemic levels of 2019, yet a slight decline from 1.74% recorded in Q4 2020.

Key highlights:

Non-core funds outperformed their core peers, with quarterly local currency returns of 2.35% and 1.52%, respectively

Funds targeting the US outperformed other regional strategies, posting a total return of 2.23%

Please send any queries to Daisy Huang, Justin Wong or Amélie Delaunay.