Another positive monthly return for NFI-DP, though year to date returns are still negative
CHICAGO, IL, September 14, 2020 – The National Council of Real Estate Investment Fiduciaries (NCREIF), whose membership contributes data to property and fund level indices, has released the August 2020 performance returns for the Daily Priced NCREIF Fund Index (NFI-DP). The total returns, net of advisory fees, are detailed below.
The NFI-DP represents the performance of a group of daily-priced open-end funds that invest predominantly in private real estate, generally ranging from 75% to 95% allocation, with the balance in liquid investments such as cash and public listed securities. Funds in this universe are most commonly offered to defined contribution plans and/or high net worth investors. Given the small universe of qualifying funds, the NFI-DP is an equal-weighted, gross of brokerage related fees (if applicable), net of advisory and incentive fees, index of time-weighted total returns. It is published monthly with an inception date of October 1, 2009.
The September 2020 returns are expected to be released on October 15, 2020.