01 Apr 2021

MSCI has launched the following consultations in relation to the MSCI/AREF UK Quarterly Property Fund Index:

On the implementation of the Time-Weighted Return Methodology

Changes to the inclusion criteria

Following the feedback during the initial consultation in 2020 on the Time-Weighted Return Methodology with adjustment for daily-weighted external cash flows, MSCI agreed to consult with the clients of MSCI/AREF UK Quarterly Property Fund Index in March 2021 when the simulated index results would be available.

The introduction of the proposed calculation methodology and index eligibility criteria will impact the return calculation, index composition and the data collection for all clients using MSCI/AREF UK Quarterly Property Fund Index or those providing data.

AREF will be holding an online roundtable in late April for members to question MSCI about these proposals and then share their views to assist firms in formulating their own responses to the consultation.

MSCI welcome feedback from the real estate investment community on these consultation topics on or before 21st May 2021. If you have any questions about the proposals please contact MSCI client service at realestate@msci.com or your MSCI client consultant.

MSCI will communicate the outcome of the consultation on or before 30th June 2021.

Author

Jacqui Bungay

Jacqui Bungay

AREF Secretariat, AREF

Jacqui provides policy guidance and secretariat services to the AREF Board and AREF Management Committee as well as the following AREF Committees: Corporate Governance, ESG & Impact Investing, Investor, Public Affairs, Research and Information and Retails Funds. In addition, Jacqui monitors members’ compliance with AREF’s Code of Practice. 

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration at Natwest Trustee & Depositary Services.