The annual performance of funds of funds globally was positive for eight consecutive years, albeit the lowest since 2014.
According to the Funds of Funds Study 2021, published today by ANREV and INREV, core style funds of funds posted the 2020 total return of 1.9%, outperforming their non-core peers which returned -3.1%.
Key highlights include:
- Funds of funds’ AUM grew to a record high level of at least €43.4 billion at the end of 2020
- Core, open end vehicles dominate the Universe of Funds of Funds, accounting for 94% of the total NAV
- Funds of funds with global strategies delivered their eleventh consecutive year of positive average total returns.
The ANREV / INREV Funds of Funds Study provides an overview of the fund of funds industry, including insights by target region, style and structure and other associated characteristics, as well as detailed performance analysis of funds of funds.
Download the full report and snapshot below
14 July 2021, Amsterdam – Funds of funds globally increased their total value of assets under management (AUM) to a record high of at least €43.4 billion at the end of 2020, marking the third consecutive year of growth, according to the ANREV / INREV /NCREIF Fund Manager Survey 2021. The Fund of Funds Study 2021, jointly published by INREV and ANREV today, paints a similar picture of a consistently dominant appetite for large, core style funds of funds with global strategies, in particular.