News

Real estate funds of funds gain a boost

Commercial_real_estate_riseThe sum raised for real estate funds of funds more than doubled to $8.5 billion last year, according to a global survey. The fundraising may have been spurred by positive performance, for which Asia-Pacific vehicles were notable. Last year, real estate funds of funds that targeted the Asia-Pacific region posted an average return of 15%, according to the survey by INREV and ANREV. “The scale of the returns in Asia Pacific in 2017 are significant, demonstrating their increasing appeal in the region,” said Amélie Delaunay, director of research and professional standards at ANREV. “The results generally reflect good health within the funds of funds segment, showing that they continue to offer smaller investors in particular an important diversification tool and the opportunity to create a nice blend of different funds.” Last year, funds of funds accounted for about 5% of an estimated $160 billion that was raised for non-listed real estate, according to the survey, which polled 60 funds of funds managed by 25 firms around the world. In 2016, funds of funds accounted for $3.2 billion of the sum raised, or 2.5%. ANREV is the Asian Association for Investors in Non-Listed Real Estate Vehicles and INREV is its European counterpart. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.