ANREV, INREV and NCREIF present the second edition of the Global Open End Diversified Core Equity Funds Index. The consultation release measures the net asset value quarterly performance, net of fees and other costs, with a near-term plan to report gross of fees performance.

Key highlights include: 

• The Q2 2023 Global ODCE total return slid to -2.72%, with negative performance across all the three global regions. Europe outperformed the other regions with -1.95%, compared to -2.88% in the US and -3.33% in Asia Pacific.
• On a five-year annualised basis, the Global ODCE Index shows an aggregated total return of 4.18%. The US showed the highest total return of 5.56%, Asia Pacific posted 4.14%, while Europe delivered 2.57%.
• All regions saw quarter-on-quarter declines in performance, but the US.

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