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Notably, the Link REIT (Hong Kong), listed on 25th November, qualified for “fast-entry” inclusion before the review. Link REIT, the only REIT currently in the FTSE EPRA/NAREIT Hong Kong Index, has had an impressive debut and is the third largest Hong Kong constituent, representing just over 2% of the FTSE EPRA/NAREIT Global Index. The FTSE EPRA/NAREIT Hong Kong Index has performed well recently, with a 6.4% return for the month of November.
FTSE assumed responsibility for calculating and distributing the FTSE EPRA/NAREIT Global Real Estate Index Series for institutional investors on 21st February of this year. Designed to track the performance of listed REITs and real estate companies worldwide, the Series acts as a performance measure of the overall market and is also suitable for use as the basis for investment products, such as derivatives and Exchange Traded Funds (ETFs).
Mark Makepeace, Chief Executive, FTSE Group said, "The Hong Kong and Asia market is a burgeoning ground for real estate investment as demonstrated in the index performance. With the fast developments and raft of upcoming new REITs, we are confident about the ongoing success of the index."
Nick van Ommen, CEO, EPRA commented, “As the listed real estate industry becomes increasingly global, and more individual countries introduce REIT structures, demand from investors will grow. The APAC region is a prime example of this since the introduction of the J-REIT in 2001.”
Steven A. Wechsler, NAREIT’s President and CEO, said, “The increasing REIT activity in Asia underlines the growing appeal of listed property stocks around the world. It also speaks to the need for global and regional performance data that are the forte of the FTSE EPRA/NAREIT benchmarks.”
