ANREV, INREV and NCREIF present the twelfth edition of the Global ODCE (open end diversified core equity) fund index, consisting of 49 funds with a combined total gross asset value of US$348.6 billion.

Key highlights:

• The Global ODCE fund index delivered a net total return of 0.42% in Q4 2025, down 3 bps from Q3.

• European ODCE funds outperformed the other regions, posting a total return of 1.12%, followed by the US with 0.70%, then Asia Pacific with -0.57%.

• Capital growth remained negative for the second consecutive quarter, with -0.34%, up by 4 bps from the previous quarter. While the accrual-based income return decreased by 8 bps, delivering 0.75%.

 Please contact Daisy Huang or Eileen Chiu should you have any questions regarding the index.

ANREV, INREV and NCREIF present the eleventh edition of the Global ODCE (open end diversified core equity) fund index, consisting of 49 funds with a combined total gross asset value of US$347.1 billion.

Key highlights:

• The Global ODCE fund index delivered a net total return of 0.45% in Q2 2025, down from 2.18% in the previous quarter.

• European ODCE funds outperformed the other regions, posting a total return of 0.83%, followed by the US with 0.52%, then Asia Pacific with flat returns of 0.00%.

• Capital growth turned negative in Q3 with -0.38%, down from 1.38% posted in Q2 2025. While the accrual-based income return increased by 4 bps, delivering 0.83%.

 Please contact Daisy Huang or Eileen Chiu should you have any questions regarding the index.

ANREV, INREV and NCREIF present the tenth edition of the Global ODCE (open end diversified core equity) fund index, consisting of 48 funds with a combined total gross asset value of US$347.3 billion.

Key highlights:

• The Global ODCE fund index delivered a net total return of 2.17% in Q2 2025, up 82 bps from the previous quarter.
• The Asia Pacific ODCE funds outperformed the other regions, posting total returns of 5.47%, followed by the US with 0.81%, then Europe with 0.22%.
• Capital growth remained positive at 1.38%, up from 0.54% posted in Q1 2025. While the accrual-based income return was slightly down by 2 bps, delivering 0.79%

 Please contact Daisy Huang or Eileen Chiu should you have any questions regarding the index.

ANREV, INREV and NCREIF present the ninth edition of the Global ODCE (Open End Diversified Core Equity) Fund Index, consisting of 48 funds with a combined total gross asset value of US$ 343.9 billion. 

Key highlights include: 

• The Q1 2025 Global ODCE fund index posted a net total return of 1.34%, up from -2.10% posted in the previous quarter.

• The Asia Pacific ODCE funds outperformed the other regions posting total returns of 1.68%, followed by Europe with 1.50%, then the US with 0.85%.

• Capital growth recovered to 0.53%, up from -2.89% posted in the previous quarter, while the accrual-based income return was slightly up by 2 bps at 0.81%.

 Please contact Daisy Huang or Eileen Chiu should you have any questions regarding the index.

ANREV, INREV and NCREIF present the eighth edition of the Global ODCE (Open End Diversified Core Equity) Fund Index, consisting of 49 funds with a combined total gross asset value of US$ 341.7 billion. 

Key highlights include: 

• The Q4 2024 Global ODCE fund index posted a net total return of -2.10%, down from 1.99% posted in the previous quarter.

• The US ODCE funds outperformed the other regions posting total returns of 0.96%, followed by Europe with 0.93%, then Asia Pacific with -8.19%.

• Capital growth slid to -2.89% down by 407 bps from the previous quarter, while the accrual-based income return remained steady at 0.79%.

 Please contact Daisy Huang or Eileen Chiu should you have any questions regarding the index.

ANREV, INREV and NCREIF present the seventh edition of the Global ODCE (Open End Diversified Core Equity) Fund Index, consisting of 49 funds with a combined total gross asset value of US$ 350.3 billion. 

Key highlights include: 

• The Q3 2024 Global ODCE Index reported a net total return of 1.99%, marking the first positive performance since Q2 2022. On a 1-year rolling annual basis the total return stands at -3.17%.

• All three regions recorded positive performance for the first time since Q1 2022.

• At 0.82%, the Q3 2024 accrual-based income return reached its highest level in four years.

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

ANREV, INREV and NCREIF present the sixth edition of the Global ODCE (Open End Diversified Core Equity) Fund Consultation Index, consisting of 49 funds with a combined total gross asset value of US$ 349.7 billion. 

Key highlights include: 

• The Q2 2024 Global ODCE reported a net total return of -0.97%, marking the eighth consecutive quarter of negative performance. On a 1-year rolling annual basis the total return stands at -7.36%.
• Europe outperformed the other regions, posting the only positive returns with 0.19%, followed by the US with -0.66%, and -2.43% in Asia Pacific. All regions saw a quarter-on-quarter increase in performance.
• On a five-year annualized basis, the Global ODCE Index shows an aggregated total return of 1.49%. The US posted the highest annualized total return of 2.27%, followed by Asia Pacific with 1.83%, and 0.04% in Europe.
• At 0.77% in Q2, the accrual-based income return reached its highest level in three years. On a 1-year rolling annual basis, the income return stands at 3.05%.

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

ANREV, INREV and NCREIF present the fifth edition of the Global ODCE (Open End Diversified Core Equity) Fund Consultation Index, consisting of 49 funds with a combined total gross asset value of US$ 355.8 billion. 

Key highlights include: 

• The Q1 2024 Global ODCE reported a net total return of -2.35%, marking the seventh consecutive quarter of negative performance. On a 1-year rolling annual basis the total return stands at -9.01%.
• Europe outperformed the other regions with a total return of -0.56%, followed by the US with -2.58%, and -3.90% in Asia Pacific. Other than Asia Pacific, all regions saw a quarter-on-quarter increase in performance.
• On a five-year annualized basis, the Global ODCE Index shows an aggregated total return of 1.94%. Asia Pacific posted the highest annualized total return of 2.73%, followed by the US with 2.56%, and 0.19% in Europe.

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

ANREV, INREV and NCREIF present the fourth edition of the Global ODCE (Open End Diversified Core Equity) Fund Consultation Index, consisting of 49 funds with a combined total gross asset value of US$ 365.2 billion. 

Key highlights include: 

• The Q4 2023 Global ODCE reported a total return of -1.81%, marking the sixth consecutive quarter of negative performance. Asia Pacific outperformed the other regions with a total return of 3.83%, followed by Europe with -4.28%, and -5.00% in the US.
• On a five-year annualised basis, the Global ODCE Index shows an aggregated total return of 2.68%. Asia Pacific showed the highest annualized total return of 3.88%, the US posted 3.34%, while Europe delivered 0.52%.
• Other than Asia Pacific, all regions recorded a quarter-on-quarter decrease in performance.

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

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.