ANREV launches Australia core open-end fund monthly index
The newly launched ANREV Australia Monthly Index saw a total return of 0.36 percent in July 2017, and a one-year rolling return of 11.87 percent, illustrating the strong performance of the Australian market. Office-focused funds are delivering the best returns with a one-year rolling return of 14.06 percent. The Investa Commercial Property Fund is outperforming the index, delivering a net total return of 15.25 percent on an annualized rolling return basis.
ANREV, the Asian Association for Investors in Non-listed Real Estate Vehicles, launched the Australian domestic product in January this year as a pilot to answer the need of industry fund managers for a reliable monthly index for Australian core open-end funds. The index measures post-fee NAV total returns of core non-listed wholesale funds covering the office, retail, industrial/logistics and diversified sectors.
The index will be published nine business days after the end of each month.
Alan Dalgleish, chief executive at ANREV, said, “The creation of this index is in direct response to our member GPs and LPs who require a reliable and long-term data provider for core non-listed funds in Australia. In addition to our existing ANREV Quarterly Index, the Australian Monthly Index will provide monthly data for core open-end funds in the Australian investment market, which we hope will further improve the transparency of the non-listed real estate industry.”
The ANREV Australia Core Open End Fund Monthly Index currently includes 14 funds with a total GAV of A$69.88 billion ($53.9 billion). The NAV of the index is currently A$58.03 billion and the index grew by A$7.11 billion ($5.55 billion) since July 2016, with a gearing level nearly stable at 14.2 percent (compared to 14.9 percent in July 2016).