GLOBAL – Thomson Reuters, the data provider for businesses and professionals, has announced the launch of its new Asia Pacific real estate indices, as it looks to take advantage of the increasing significance of the region in global institutional investment.
Thomson Reuters has partnered with real estate index specialist Global Property Research (GPR) and Asia Pacific Real Estate Association (APREA) to establish Asia Pacific Real Estate Composite Indices, which aims to give greater visibility to property developers and growth companies in the Asian market.
The indices will cover 13 countries based on the total return of Asia Pacific property stocks and weighted by free-float market capitalisation.
Lim Swe Guan, chairman at APREA, said: "The TR/GPR APREA Composite index family meets an essential need as a benchmark and portfolio management tool truly representative of Asia Pacific listed real estate, and it is being introduced at a very important time, with Asian investors in particular expected to expand their exposure to property and non-Asian investors expected to increase their exposure to Asian real estate."
Lucas Garland, head of indices product management at Thomson Reuters, added: "With real estate equity returns outperforming conventional equities in Asia Pacific, the sector is enjoying a revival and increased investment."
Thomson Reuters provides more than 10,000 indices, with its equity indices spanning across 51 countries and 27 regions.