Non-listed funds continue to perform

Non-listed funds continue to performAustralia’s non-listed real estate funds have produced their best performance since Q4 2010, according to the latest ANREV Quarterly Index, with a total return of 3.1 per cent.Japan’s unlisted funds again led the region with returns increasing 4.8 per cent, or 26 per cent on a one-year rolling return basis.Asia Pacific funds’ performance reverted to the long-term average during Q1. The overall return of the “All Funds” index was 2.3 per cent during the first quarter of 2015, compared to 3.4 per cent in Q4 2014 when performance was impacted by strong performance of opportunity funds. However, Q1 2015 performance was higher than the return in Q1 2014.”Australia performed very well in the first quarter with this market’s funds achieving the highest return since Q4 2010. Japan funds continued to perform well in Q1 following a very strong performance at the end of last year,” says Amelie Delaunay, director of Research & Professional Standards, ANREV.”We’re also seeing that the appetite for core funds in Asia is huge and several fund managers are currently fundraising for core open end funds in the coming year,” she adds.The ANREV Q1 2015 Quarterly Index includes 94 funds, and shows an increasing allocation to Australia. The index covered assets with total GAV (Gross Asset Value) of US$92.2 billion, which is the highest total GAV since the first index was released in Q1 2010.To download the ANREV Quarterly Index click here.On a global scale, the US outperformed Asia Pacific and Europe over the quarter, which is a change compared to the previous quarter when Asia Pacific outperformed the US, according to the latest Global Real Estate Fund Index (GREFI).