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INREV Quarterly Fund Index performance declined for the second consecutive quarter in Q2 2022

The INREV Quarterly Fund Index delivered a total return of 2.64% in Q2, as aggregate fund performance softened by 65 bps from 3.29% achieved in Q1. 

The Q2 release includes 337 funds with a combined GAV of €337.3 billion. 

Key highlights: 

  • Capital growth of 1.93% representing a reduction of 71 bps on the first quarter was the main driver of this decrease in overall performance. Distributed income return grew marginally in the quarter, up by 6 bps to 0.71%. 
  •  Value added funds outperformed, recording a quarterly total return of 2.73%, while their core peers followed slightly behind with a total return of 2.63%. 
  •  Industrial sector performance has fallen back in the last two quarters but remains the strongest sector by far. Retail funds continue to improve, and offices are the weakest sector for the fourth consecutive quarter.  
  • The overall performance of German funds, representing 11% of the All Funds Index, improved marginally in Q2 to 2.26%, up from 2.20% last quarter. Performance of funds with a Dutch, UK and or Multi-country strategy, representing a combined 33% of the index, all weakened in Q2. 
     

View detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below. 

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INREV Quarterly Index  

Published on 21 May 2025