• Funds of funds assets under management rose to a minimum of US$ 37.7 billion globally
• As a group funds of funds delivered positive net average returns of 5.6% in 2019
• Funds of funds with a global strategy further enhanced their market dominance

On average, funds of funds have delivered seven consecutive years of positive returns, with an average of 5.6% in 2019.

ANREV and INREV Funds of Funds Universes (‘Universe’) contains 51 vehicles representing a total Net Asset Value (NAV) of US$20.2 billion. Ten funds of funds have indicated their preference to remain anonymous and therefore the online Funds of Funds Universe displays 41 of the 51 funds of funds.

The performance data presented in this report is not intended to serve as a benchmark and should be used for research and information purposes only.