The EDHEC Risk and Asset Management Research Centre and the IEIF (an independent French real estate research institute), with the support of Finance Innovation, the global competitiveness institution, have launches the EDHEC IEIF Commercial Property Index (France).
The EDHEC IEIF Commercial Property Index (France) will measure the performance of shares traded in an aggregate portfolio of unlisted property funds. This portfolio currently represents 7.5 billionn, spread between 3,400 assets.
The EDHEC IEIF Commercial Property Index (France) is a capitalisation weighted index that measures the performance of SCPIs (unlisted property trusts), collective investment companies that invest in commercial property (offices, shopping centres, logistics infrastructures, and so on). The index is computed on a net (change in the prices of components) and gross (performance with dividends reinvested) basis. The base date for the index is 31 December 1980.
“In an uncertain environment in which the markets are playing a waiting game, transparency and liquidity are more than ever decisive challenges both for investors and for the entire economy, says Guy Marty, director of the IEIF.
The EDHEC IEIF Commercial Property (France) index is published monthly. The composition of the index is reviewed at the close of every semester by an index committee made up of property and financial analysts, property managers, well known academics, and representatives of IEIF and EDHEC. The UFG Group, through its patronage of academic and scientific research, contributed to the launch of the index.
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