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- January 1, 2020: Vol. 32, Number 1

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Asian real estate funds have higher total expense ratios than European funds

by Loretta Clodfelter

Real estate funds in Asia Pacific have higher total expense ratios than funds in Europe, on average, according to research from INREV, the European Association for Investors in Nonlisted Real Estate Vehicles, and ANREV, the Asian Association for Investors in Nonlisted Real Estate Vehicles.

The research found the average total expense ratio in Asia Pacific, before performance fees, was 1.04 percent on a gross asset value basis and 1.68 percent on a net asset value basis. In Europe, the total expense ratio on gross and net asset value bases was 0.86 percent and 1.27 percent, respectively, before performance fees.

Looking specifically at fund strategy, though, core funds in Asia had lower total expense ratios than those in Europe, while European value-added funds had lower total expense ratios than those in Asia Pacific.

‘These results are more pertinent than ever, given the increasing need for clarity on fees and costs,” said Lonneke Löwik, INREV CEO, in a st

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