The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.36% in January 2021. The ACOE includes 19 funds with a total GAV of AUD 112.49 billion.

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

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

ANREV Professional Standards Committee and PwC invited investment managers to a series of round table discussions, hosted in Hong Kong and Singapore, which provided opportunities for managers to discuss with their peers issues they experienced through the year especially around valuation uncertainties and specific disclosures linked with the COVID 19 pandemic.

The topics that were discussed during the events were:

• COVID 19 in general, length of the pandemic and underappreciation of long term impact
• Managing cash flow income, tenant credit risk, and meeting loan covenants
• Rent collection and rents relief / deferral requests from tenants and any impacts to valuation
• Valuation, including working with valuers in respect of caveats or material uncertainty clauses
• Liquidity in general and whether redemptions and subscriptions should be met on NAVs today for OE vehicles
• Investors’ inquiries and expectations on disclosures

A summary of the discussions may be found in the links below.

Additionally, ANREV has conducted an additional survey investigating the ‘Impact of COVID-19 on valuations’. The survey was distributed to fund managers during the data collection of ANREV Quarterly Index Q3 2020. They were asked to fill in the extra questionnaire to look into the impact of the “Material Uncertainty clause” on asset valuations, suspension of trading and status of rent collection.

To access a snapshot of the survey results please follow the link below.

The sixth net / gross return report shows a 3-month total gross return of 2.45% for the period between October and December 2020.
 
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 Katrina Wong if you have any questions regarding the Index.

ANREV has launched the fourth 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 6 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 Kip Kong or Amélie Delaunay.