Fund performance
The total fund return for 2023, expressed as a percentage of the NAV based on the INREV Guidelines as of 1 January 2023, was -/- 5.1% (2022: 1.1%).
Like-for-Like
We conduct a performance analysis based on like-for-like (LfL) figures to compare the performance of the ARC fund year over year.
MSCI Netherlands Residential Annual Property Index
The MSCI property index measures the returns on real estate properties and property portfolios.
Structure and governance
Amvest Residential Core Fund is structured as a (semi) open fiscally transparent fund for joint account (FGR) with a broad institutional investor base.
Amvest organisation corporate risk strategy
The strategy of the Amvest organisation focuses on two key activities:
ARC Fund risk strategy
The Amvest risk management framework is designed to facilitate strong governance and risk management within the ARC Fund.
Control Framework
Fund management - Fund management is ultimately responsible for fund-related activities, including managing the control environment and risks.
Assurance on risk relating to failure of systems and processes
The Fund Manager is structured with an affiliated Fund Services Provider (Amvest Management B.V.). The Fund Services Provider employs all employees of Amvest group and provides relevant management services to the Fund Manager.
ARC Fund Risk management framework
The Fund Manager uses a Risk Management Framework to appropriately identify, measure, manage, monitor, and report on risks. The Fund manager also sets the risk indicators, risk limits, and risk appetite for the defined risks.
Compliance program
The corporate Compliance Program forms the basis for all relevant compliance-related themes. It consists of a Compliance Charter, an annual Compliance Plan, and a Compliance Manual containing all policies and procedures.