The 2025 ANREV annual index included data contributions from 78 funds with a total gross asset value of US$137.3 billion.

Key highlights:

• ANREV’s Annual All Funds Index posted a total return of 5.78% in 2025, up from -5.14% in 2024.

• Core funds with total returns of 6.88% outperformed value-added and opportunistic funds, which posted 2.35% and -1.72% respectively

• Both multi-sector and single-sector funds reported positive returns of 4.72% and 6.72% respectively

Further details of the sub-indices which cover different fund styles and various geographies can be found in the full report.

We would like to thank all the funds that contributed data, and look forward to your continued support in the next round of data collection.
If you have any questions about the index or wish to take part in this industry-led initiative, please contact Daisy Huang or Eileen Chiu.