This ANREV Vehicles Universe document provides data on 392 vehicles with a total gross asset value (GAV) of US$ 291.8 billion as of Q2 2022. Data on 251 vehicles (total GAV US$183.0 billion) was extracted from the ANREV Vehicles Database. Data on the remaining 141 vehicles came from secondary sources.

If you have any questions, please contact Daisy Huang, Justin Wong, or Donald Lam.

The thirteenth gross return report shows a 3-month total gross return of 1.97% for the period between July and September 2022.
 
The 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, Justin Wong, or Donald Lam if you have any questions regarding the Index.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 1.35% in September 2022. The ACOE includes 19 funds with a total GAV of AUD 131.45 billion.

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

Please contact Daisy Huang, Justin Wong, or Donald Lam if you have any questions regarding the Index.

ANREV has launched the eleventh 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 8 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 Amélie Delaunay or Daisy Huang.

The eleventh consultation release of the Global IRR Index includes 341 funds with non-core strategies, comprising of 299 value added and 42 opportunity funds.

Key highlights:

• This Global IRR Index release features 72 Asia Pacific, 118 European and 151 US funds
• Funds launched in 2018 reported the highest single vintage performance of 18.3% average IRR
• Funds launched in 2020 showed a biggest quarterly decrease of -2.26% in IRR among all vintage 
• By region, the USA’s 2008-2010 vintage group continued to be the best performing group compared to other vintage groups with an average IRR of 18.7%

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 year’s study includes 57 vehicles managed by 27 managers that provided information on general fees and terms (representing a combined total GAV of US$110.9 billion). Of those, 42 funds managed by 24 managers submitted their 2021 TGERs representing a combined total GAV of US$96.8 billion.

ANREV has launched the Q2 2022 IRR Index by vintage. The IRR Index measures performance of value added and opportunistic non-listed closed end funds investing in Asia Pacific.

The Q2 2022 sample of the ANREV IRR index includes 72 funds.

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

Welcome to the September 2022 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 Q2 2022.

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 more than 15 years of performance across all regions. 

Key highlights:

• The GREFI All Funds Index delivered a total return of 3.36% in Q2 2022.
• Funds targeting the US outperformed other regional strategies, posting a total return of 4.83%.
• Non-core funds outperformed their core peers, posting quarterly total returns of 4.23% and 3.19%, respectively.

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

• ANREV’s All Funds Index returned 0.87% in Q2 2022, down from 1.94% in Q1 2022.

• Core funds outperformed value added and opportunity funds with returns of 1.62% versus -4.01% and -6.01% respectively.

Data contributions were received from 76 funds with a total gross asset value of US$152.4 billion. Further detail of the sub-indices which cover fund style and various geographies can be found in the full report.

We would like to thank all the companies that supported the data collection exercise and look forward to your continued support in the next round of data collection.

If you have any questions about the ANREV Index or want to take part in this industry-led initiative, please contact Daisy Huang or Justin Wong.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.32% in August 2022. The ACOE includes 19 funds with a total GAV of AUD 129.85 billion.

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

Please contact Daisy Huang, Justin Wong, or Donald Lam if you have any questions regarding the Index.