This is the second study on the fees and terms of non-listed real estate funds investing in the Asia Pacific region. It is carried out for ANREV by KTI Finland. This annual project aims to increase the transparency of the fee structures and fee levels in funds, and to create a framework for the regular reporting of fees in funds. The project also aims to increase the understanding of the challenges and limitations the non-listed real estate fund industry faces in analysing and comparing fee structures and levels.

The results of this study will also be used to compare management fees of Asia Pacific, European and US funds in a separate study to be published in Q3 2012.

The full report is for members only, please login if you cannot view the downloads below.

This paper analyses and compares the fee structures and fee levels of nonlisted property funds in Europe, Asia and the US. It is based on individual Management Fees and Terms Studies by ANREV, INREV and PREA.

Nearly all of the funds in the three studies charge an annual fund management fee, with the most common bases for fund management fees varying across regions. In Europe, gross asset value (GAV) is the most favoured basis, whereas in Asia commitment, drawn commitment and GAV are used equally as much. In the US, invested equity was the most common basis for management fees.

For further information and queries, please contact [email protected]

本文書は、ANREVおよびINREVによる2012年の投資意向調査に関する所見について比較対照を行ったものです。グローバル金融市場は引き続き相互に連動しているため、これら2つの調査結果に着目 し、欧州およびアジアの非上場不動産ファンド業界において予想される投資傾向の類似点および相違点を考慮することは意義があります。

本文書は、それぞれの調査結果を投資家の視点について掘り下げたものです。全体の調査においては、ファンドオブファンズのマネジャーおよびファンド･マネジャーによる見解もカバーされています。 投資家の好みに焦点を当てることにより、本調査結果はファンド･マネジャーによる商品開発の一助となる可能性があります。

- 투자자는 부동산 투자 배정에 있어 보다 직접적인 관리를 원한다 -

제 6회를 맞이한 Investment Intetnions Asia Pacific Survey 2013년 결과에 따르면 비상장 투자에 대한 배정이 2013년에도 계속 증가하겠지만 과거 2년보다는 다소 주춤할 것이다. 아시아 태평양 지역이 계속 성숙해지고 보다 다양한 상품을 제공함에 따라 다른 투자 수단을 통한 부동산에 대한 투자 배정도 증가할 것으로 예상된다.

주요 내용

• 아시아 태평양의 부동산 배정 추세
• 비상장 부동산 투자에 대한 찬반
• 선호하는 스타일과 펀드 유형
• 선호하는 국가과 부문

전체 스냅샷은 첨부된 파일을 다운로드 하시기 바랍니다.

Investment Intentions Survey 2012