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Mercer and IPD launch index
Mercer has joined with property index specialist IPD to launch a new index aimed at Australian institutional investors.
The new index, the Mercer/IPD Australian Pooled Property Fund Index is designed to replace the Mercer Unlisted Property Funds Index and the IPD Australian Pooled Property Fund Index, which IPD launched in August.
Commenting on the joint venture, IPD managing director, Anthony De Francesco, said it was intended to deliver an expansion of the wholesale fund performance measurement, including sector-specific sub-indices.
Mercer’s head of real estate Asia/Pacific, Jennifer Johnstone Kaiser, said the index would provide clients with a wider range of unlisted property performance data.
She said it would provide investors with a greater ability to compare how Australian real estate funds stack up against global funds.
AUTHOR
Mike Taylor
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