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Press Release

19 April 2017 - AREF and MSCI publish Property Fund Vision Handbook for Q4 2016

The Association of Real Estate Funds (AREF) and MSCI have released the AREF/IPD Property Fund Vision Handbook for Q4 2016.

The Handbook provides detailed information on 54 of the most transparent and regularly traded property funds in the UK market. It can be used to gain an understanding into the key drivers of performance and as a directory of UK property funds.
 
The handbook can be downloaded from the MSCI website here.
 
John Cartwright, Chief Executive of AREF, said:
 
“This report is a clear demonstration of the transparency of the UK real estate funds market and the commitment to openness by AREF member funds.
 
“Unsurprisingly it evidences the scale of the impact on retail investor fund flows following the EU Referendum, but it also illustrates the contrasting experience of institutional investor activity.”
 
Malcolm Hunt, Executive Director at MSCI commented:
 
“The Property Fund Vision Handbook allows market participants to lift the lid on the UK pooled real estate funds market to understand the performance and risk characteristics of these 50+ vehicles with a combined Net Asset Value of over £61bn.
 
“The handbook covers the funds’ objectives and constraints, returns, yields, exposures and much more.  Focussing on fund investment flows, 2016 as a whole saw net outflows of £660m, the first year of negative flows since 2008. 
 
“The largest outflows were seen in funds open to retail investors. Balanced funds for institutional investors also faced moderate outflows in Q2 and Q3, which were followed by large net inflows in Q4.  Long Income funds by contrast recorded positive inflows through the year of £350m.”
 
For more information please contact:
+44 (0)20 7269 4620
realestate@msci.com 
+44 (0)20 7336 4783
 
About The Association of Real Estate Funds (AREF):
 
  • The Association of Real Estate Funds (AREF) is the voice of the real estate funds industry.
  • Full members have a collective NAV of circa £65bn under management and the majority are benchmarked using the leading AREF/IPD UK Quarterly Property Fund Indices (QPFI).
  • We are recognised by policy makers, regulators, tax authorities and other official organisations as the leading representative of real estate funds and therefore have the ability to influence the way our industry evolves.
  • Investors and advisers are aware of the high standards our members adhere to, both in transparency and corporate governance, promoting confidence in investing in real estate through member funds.
  •  Website: www.aref.org.uk
 
About MSCI
For more than 40 years, MSCI’s research-based indexes and analytics have helped the world’s leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers of performance and risk in their portfolios, broad asset class coverage and innovative research.
Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG research. 
MSCI serves 97 of the top 100 largest money managers, according to the most recent P&I ranking.
For more information, visit us at www.msci.com.