ANREV, INREV and NCREIF present the third edition of the Global Open End Diversified Core Equity Funds Index, consisting of 49 funds with a combined total gross asset value of US$ 376 billion. 

Key highlights include: 

• The Q3 2023 Global ODCE reported a total return of -2.43%, marking the fifth consecutive quarter of negative performance. The US outperformed the other regions with a total return of -2.10%, followed by Europe with -2.55%, and -2.64% in Asia Pacific.
• On a five-year annualised basis, the Global ODCE Index shows an aggregated total return of 3.35%. The US showed the highest annualized total return of 4.72%, Asia Pacific posted 3.40%, while Europe delivered 1.67%.
• Other than Europe, all regions recorded a quarter-on-quarter increase in performance.

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

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.

Please provide feedback and comments to Daisy Huang or Eileen Chiu

This webinar was successfully held on 22 November 2023.

With many property companies setting – and in some instances achieving – Net Zero targets, tenants, investors, and the broader industry is beginning to ask, ‘what’s next’? Deploying a sophisticated, data-driven approach, EG Funds, in conjunction with technology providers Avani, will share with us the trend toward carbon accounting and understanding the real time carbon intensity of the energy buildings use. Join EG’s Head of ESG, Ian Lieblich, and Avani CEO Nicolette Maury, as they delve into the theory behind the approach, results achieved to date, and the operational challenges faced with accessing building and energy data and maximising performance.

The ANREV Management fees and terms study explores fees and costs structures of Asia Pacific non-listed real estate funds with a focus on the Total Global Expense ratios (TGERs) and real estate expense ratios (REERs).

This includes 34 vehicles managed by 20 managers that submitted their 2022 TGERs representing a combined total GAV of US$100.7 billion. Of the 34 vehicles which provided data for their TGERs, 20 vehicles provided data on their 2022 REERs.

Email [email protected] if you have any questions of the sponsorship details or looking for a tailor-made package.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -0.42% in October 2023. The ACOE includes 17 funds with a total GAV of AUD 121.40 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.

ANREV, INREV and NCREIF are pleased to present the latest in a series of quarterly snapshots of what’s happening in the global real estate investment market.

In this short two-page snapshot, the Global Research Committee shares their views of the global macroeconomic and property market landscape, drawing on data and insights from recent global indices and global surveys jointly conducted by all three associations.

Key highlights from November 2023 include:

Diverse market fundamentals result in valuation correction occurring at differing rates across and within regions

Average gearing in GREFI funds experienced an uptick, but remains well below GFC levels

Increasing demand for refinancing options is expected to create opportunities for alternative lenders