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• ANREV’s All Funds Index returned 1.80% in Q4 2022, up from 0.22% in Q3 2022.
• Value added funds outperformed core and opportunity funds with returns of 4.51% versus 1.50% and 2.68% respectively.
Data contributions were received from 75 funds with a total gross asset value of US$144.5 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.
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The annual performance of Asia Pacific funds turned positive in 2025, delivering a total return of 5.78%.
29 Apr, 2026
As higher interest rates, rising costs, and weaker growth expectations weigh on confidence, real estate markets across Asia Pacific are entering a more challenging phase. In this second blog of ANREV’s new series, Hanna Safdar from AEW shares insights on how investment activity is slowing, underwriting assumptions are being reset, and select markets remain resilient.
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The Q4 2025 release of the Global IRR Index release monitors 421 closed end funds across vintages from pre-2001 to 2022. The IRR for the post-2019 vintage group improved the most in Q4, from 0.20% to 2.13%.