Global Property Research (GPR), a specialized provider of benchmarking solutions covering the listed real estate sector, launches three index series containing real estate companies with an overlay provided by the leading real asset ESG data provider GRESB.
At launch, the index series designed for institutional investors are:
Each index series consists of the 50 most liquid constituents in the relevant region. Index constituent weights are adjusted based on the individual company’s ESG performance as measured by GRESB with higher scoring companies receiving increased weights.
Jeroen Vreeker, Head of the GPR Index Team, said: “ESG is a concern that is increasingly implemented when providing benchmark solutions for listed real estate investments. GPR frequently develops ESG-focused versions of its existing indices. The ESG+ index series cover the majority of the market capitalization of the relevant GPR General Quoted Index and remains highly diversified to countries and sectors but avoiding exposure to companies that are traded less frequently. The ESG+ index series is a valuable addition to GPR’s suite of tailor-made benchmarking solutions.”
“The launch of the ESG+ index series marks another milestone in GRESB’s quest to provide solutions to investor demand for standardized ESG products. Passive funds can invest in the indices, while active funds can demonstrate their value add by selecting stocks that outperform the particular index series,” said Sander Paul van Tongeren, co-founder and Managing Director at GRESB.
Global Property Research (GPR) specializes in the creation of indices for the listed real estate and infrastructure sectors, available in various formats. GPR provides over 3,500 index series, focusing on creating solutions meeting the needs of (specialized) investors with specific mandates.
All index products use an extensive and unique proprietary database of publicly traded real estate and infrastructure companies worldwide. GPR has a proven track record since 1995.
GPR offers its clients five standard benchmarks: GPR 250 Index, GPR 250 REIT Index, GPR General Index, GPR General Quoted Index and GPR Pure Infrastructure Index. All its indices are distributed via various data vendors.
GPR has an independent, dedicated and experienced Index Team with hands-on service for clients. Moreover, all index calculation procedures and maintenance processes are performed in-house. GPR complies with the IOSCO Principles for Financial Benchmarks to the extent these are proportional in relation to GPR’s benchmarks and benchmark-related activities. GPR has been registered as a Benchmark Administrator since 10 January 2019 on the basis of the Benchmark Regulation (BMR).
For additional information on GPR, please visit www.globalpropertyresearch.com.
Mission-driven and investor-led, GRESB is the environmental, social and governance (ESG) benchmark for real assets. GRESB works in collaboration with the industry to provide standardized and validated ESG data to the capital markets.
The 2019 GRESB Real Estate benchmark covers more than 1,000 property companies, real estate investment trusts (REITs), funds, and developers. The coverage for GRESB Infrastructure includes 500 infrastructure funds and assets. Combined, GRESB represents USD 4.5trn in real asset value.
More than 100 institutional investors, with over USD 22trn AUM, use GRESB data to monitor their investments, engage with their managers, and make decisions that lead to a more sustainable real asset industry.
For additional information on GRESB, please visit www.gresb.com.