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Welcome to the April 2018 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 Q4 2017.
Due to additional time being needed to submit data from closed end funds in the US, the Q4 2017 GREFI has been released in two parts: preliminary release on March 28th and final release on April 18th.
The GREFI 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 Q4 2017 GREFI release includes the performance of 520 funds compared to 521 funds as of Q3 2017. The GREFI includes funds in Asia Pacific (90), Europe (325), US (93) as well as funds with global strategies (12). GREFI funds represent US$718.7 billion of total gross asset value with 44% in US funds, 35% in Europe, 18% in Asia Pacific and the remaining 3% in global strategy funds.
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26 Apr, 2024
The annual performance of Asia Pacific funds slid into negative territory in 2023, posting a total return -4.08%. The 2023 annual index represents 78 funds with a total GAV of US$148.1 billion.
24 Apr, 2024
The Q4 2023 release of the Global IRR Index monitors a sample of 381 closed end funds across vintages from pre-2001 to 2022. The IRR of funds in the Post 2019 cohort declined by 718 bps to -8.96%, from -1.78% in Q3. The downturn is mainly driven by USA focused funds.
12 Apr, 2024
The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -1.90% in March 2024. The ACOE includes 17 funds with a total GAV of AUD 117.06 billion.
The ACOE Index also reports data on geographic allocation by sector.