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Open end fund pricing -  first conclusions

INREV open end fund pricing

In late 2017, INREV and AREF released joint industry-wide research to bring greater clarity to the debate on open end fund pricing policies in Europe. 
In this first phase members had the opportunity to provide feedback and to discuss the research paper at two round table events in Munich and London. 
The phase one conclusion paper, released today, aims to bring greater consistency and clarity on pricing policies in the longer term and addresses the first round of industry feedback. 

Feedback still welcome on new DDQ 

Last week we wrapped up a successful series of roundtables on due diligence in real estate. The events, hosted in Amsterdam and London, provided insights into the new structure and content of the proposed INREV Due Diligence Questionnaire (DDQ). 

The discussions showed positive support for the updates of the questionnaire, including unanimous buy-in from industry participants for the phased restructuring of the DDQ as well as its global expansion.

The consultation period is closed.
 

View tips and advice on how to improve your compliance with INREV Guidelines

Compliance with the INREV Guidelines has reached an all-time high with 80% of members complying overall. 

The report on Trends in Investor Reporting published in December 2017 was expanded to include compliance with not just the reporting module of the Guidelines but also Property Valuation, INREV NAV and Fee and Expense Metrics modules. 

All contributors can now view tips and tailored advice on how to further improve their compliance with the INREV Guidelines.

View your funds compliance

Steps to a common pricing policy

There’s broad agreement within the industry that we need to establish a more structured and common approach to pricing policies.

We spoke to Mike Hornsby, Partner Ernst & Young and asked him to summarise the steps that INREV are taking to arrive at generally accepted pricing principles. 

In November INREV and AREF presented a consultation paper on Open End Fund Pricing, feedback is now being reviewed by the focus group and a final paper is expected to be launched at the end of Q1 2018. 

Last call for feedback on open end fund pricing

There’s broad agreement within the industry that we need to establish a more structured and common approach to pricing policies. To accelerate the debate, INREV and AREF presented a consultation paper on Open End Fund Pricing in November 2017. 

Since then feedback has been collated at events in Munich and London and by email. We remind members that you have until 31 January to provide feedback. 

Feedback will be collated and summarised in a follow-up conclusion paper, which will be published early this year.