The second edition of the Global ODCE Index once again saw negative performance across Asia Pacific, Europe and the USA.
The Q2 2023 release features the performance of 49 funds with a combined GAV of US$388 billion.
Key highlights:
- Q2 was the fourth consecutive quarter of negative performance as all three regional ODCE indices showed negative returns. Europe outperformed the other regions with -1.95%, compared to -2.88% in the US and -3.33% in Asia Pacific.
- Performance deteriorated further in Asia Pacific and Europe but improved slightly in the USA.
- On a five-year annualised basis, the Global ODCE Index shows an aggregated total return of 4.18%. Out of the three regions, the US showed the highest total return of 5.56%, Asia Pacific posted 4.14%, while Europe delivered 2.57%.
- The Global ODCE (open end diversified core equity) fund index was launched in July 2023 by ANREV, INREV and NCREIF. Performance is calculated in the reporting currency and aggregated by converting to USD.
View a detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below.