ANREV has launched the seventh release of the ANREV Pan Asia Open-End Diversified Core Fund Index (ODCE).

Please provide feedback and comments to Kip Kong at [email protected] or Amélie Delaunay at [email protected]

On 14 August 2019, the ANREV Research Committee and the Department of Real Estate at National University of Singapore (NUS) hosted the ANREV Academic Conference 2019.

The conference aimed to foster stronger links between academics, public policy makers and industry researchers on relevant themes in APAC Real Estate. 

The conference was well attended (approximately half of whom were university affiliated and the other half, industry or public sector based). Particularly encouraging was participation from a broad geographic base with attendees coming from eight different countries. 

Please refer to the link below for the details of the conference program.

https://www.anrev.org/en/events/details/88/449

Located in the heart of the major commercial precinct of North Ryde Sydney, the Sydney-based asset marks Australia’s first Holiday Inn Express hotel and Pro-invest Group’s first operational hotel. Holiday Inn Express Sydney Macquarie Park offers a smart choice for value conscious business and leisure travellers, with the hotel’s business model strongly ingrained in operating ‘smart’ – offering guests everything they need and nothing they don’t. This philosophy extends to the hotel’s sustainability design, considerations for furniture, fixtures and equipment, and operation.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.32% in July 2019. The ACOE includes 19 funds with a total GAV of AUD 112.16 billion

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

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

With the explosion over the past decade in the number of devices that are connected to the internet, many industries are trying to understand how they can benefit from the hype surrounding the Internet of Things (IoT). This note explores what the IoT is, how it is relevant to the real estate industry, and what are some of the potential benefits and risks for real estate owners and investors.

If members have any questions, or require a more detailed explanation of any of the points referenced in this note, please contact the ANREV Technology and Innovation Working Group at the following e-mail address: [email protected]

• At least a fifth of investors are looking to maintain or increase their exposures to funds of funds

• As a group funds of funds delivered positive returns of 6.7% in 2018

• Global strategy vehicles represent the largest share of funds of funds

Five consecutive years of positive growth saw funds of funds achieve a positive return of 6.7% in 2018.

In total, ANREV and INREV Funds of Funds Universes (‘Universe’) contains 51 funds of funds managed by 23 managers from the funds of funds universe. Collectively these vehicles represent a total Net Asset Value (NAV) of US$20.1 billion. Ten funds of funds indicated their preference to remain anonymous and therefore the online Funds of Funds Universe shows only 41 of the 51 funds of funds.

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.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.75% in June 2019. The ACOE includes 19 funds with a total GAV of AUD 111.76 billion

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

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

ANREV has launched the Q1 2019 IRR Index by vintage. The IRR Index measures performance of value added and opportunistic non-listed closed end funds investing in Asia Pacific.

3 funds were unable to provide data this quarter,  resulting of a total of 68 funds.

We welcome any questions or comments - please email Daisy Huang or Kip Kong.

In June's issue, we have included:

Australia

• Victorian stamp duty
• Income tax measures aimed at foreign investment

British Virgin Island

• Draft Economic Substance Code published
• Regulatory obligations and filing deadlines 2019

Cayman Islands

• Cayman Islands amends Securities Investment Business Law (Additional SIBL reporting requirements to be submitted by 15 August 2019)
• The Data Protection Law, 2017 comes into force on 30 September 2019

Hong Kong

• SFC issues further guidance on regulatory requirements for sale of complex products
• HKMA introduces key measures on sustainable banking and green finance

Japan

• Task Force on Climate-related Financial Disclosures (TCFD) consortium launched

Singapore

• MAS updates FAQs on licensing and registration of fund management companies
• MAS launches second consultation on proposed framework for variable capital companies
• Singapore fund tax incentives – circular of Budget 2019 issued

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