Australian funds show best performance in ANREV Index

Australian funds show best performance in ANREV IndexAustralian funds recorded their best performance since 2010, returning 3.3 per cent in the second quarter of 2015, according to ANREV’s latest Quarterly Index.ANREV, the Asian Association for Investors in Non-listed Real Estate Vehicles Limited, surveyed 96 funds. The Index reports an increasing allocation Down Under, with Australian funds returning 11.8 per cent on a one year rolling return. The index covered assets with total GAV (Gross Asset Value) of AU$126 billion – the highest total GAV since the Index was first published in 2010.For the Asia Pacific region overall, non-listed real estate funds continued to perform positively with returns of 2.6 per cent – up 0.1 per cent on the previous quarter – or 10.7 per cent on a one year rolling basis.”Non-listed funds in Asia Pacific showed a steady performance for the second quarter of 2015 and passed the hurdle of a 10 per cent total return on a one year rolling basis, for the first time in four years,” says Amélie Delaunay, ANREV’s director of research.Core funds in Asia Pacific returned 3.3 per cent in the second quarter of 2015, reaching the highest total return since the inception of the ANREV Quarterly Index.”The capital growth component of the core fund returns reached a record level of 2.2 per cent showing an improvement across all markets in the region,” Delaunay adds.On a global scale, the United States outperformed Asia Pacific and Europe over the quarter. US open end funds outperformed those in Asia Pacific and Europe at 3.88 per cent, compared to 2.96 per cent and 2.54 per cent respectively.Learn more about the ANREV Index.