Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in microfinance, recently disbursed loans to unspecified microfinance institutions (MFIs) in Asia, Eastern Europe and South America.In Eurasia, APM loaned USD 2 million in Kazakhstan, USD 1 million in each Azerbaijan and Indonesia, and USD 750,000 in Tajikistan. Additionally, APM lent USD 2 million and THB 31 million (USD 1 million) in Cambodia. In South America, APM provided funding of USD 750,000 in Ecuador. These loans were provided through the two sub-funds of APM’s Vision Microfinance Investment fund, Dual Return Fund-Vision Microfinance and Dual Return Fund-Vision Microfinance Local Currency, which both provide financing to MFIs in developing countries.
APM is an investment company that promotes MFI growth through funding and asset management. During 2011, the Dual Return Fund-Vision Microfinance provided investors with net returns of 3.23 percent for its EUR (I) Share Class. As of August 2012, the fund’s volume reached EUR 79 million (USD 102 million) with loans outstanding to 59 MFIs in 24 emerging markets. Dual Return Fund-Vision Microfinance also reported total assets of EUR 81 million (USD 108 million). The Dual Return Fund – Vision Microfinance Local Currency, which disburses local-currency loans to MFIs, reached USD 28.8 million in volume, returned 4.55 percent to investors on its USD (I) Share Class, and held loans outstanding to 29 MFIs in 18 emerging markets during 2011.
By Sarah Benali, Research Associate
About Absolute Portfolio Management (APM)
Absolute Portfolio Management GmbH is an Austrian-based investment and asset management company that offers microfinance institutions (MFIs) financing and investment strategies. The firm’s Dual Return-Vision Microfinance and Dual Return Fund-Vision Microfinance Local Currency were created in 2006. As of 2011, APM’s Dual Return Fund-Vision Microfinance and Dual Return Fund-Vision Microfinance Local Currency report USD 87.4 million and USD 32.2 million in total assets, respectively.
About Dual Return Fund-Vision Microfinance
The Dual Return Fund is a sub-fund of Vision Microfinance, which was created in 2006 by Absolute Portfolio Management GmbH, an Austrian investment company that specializes in microfinance. During 2011, the fund provided investors with net returns of 3.23 percent for its EUR (I) Share Class. As of August 2012, the fund’s volume reached EUR 79 million (USD 102 million) with loans outstanding to 59 MFIs in 24 emerging markets. Dual Return Fund reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of EUR 81 million (USD 105 million). In April 2012, its annual label was renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether investment vehicles actually support the microfinance sector.
About Dual Return Fund-Vision Microfinance Local Currency
The Dual Return Fund-Vision Microfinance Local Currency is a sub-fund of Vision Microfinance, which was created in 2006 by Absolute Portfolio Management GmbH, an Austrian investment company specializing in microfinance. The Vision Microfinance Local Currency fund disburses local-currency loans directly to microfinance institutions (MFIs). During 2011, the fund provided investors with net returns of 4.55 percent for its USD (I) Share Class, achieved a fund volume of USD 22.9 million and held loans outstanding to 27 MFIs in 16 emerging markets. In April 2012, its annual label was renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether investment vehicles actually support the microfinance sector.
Sources and Additional Resources:
Information submitted by Absolute Portfolio Management GmbH to MicroCapital.
MicroCapital.org Story: “MICROFINANCE EVENT: Absolute Portfolio Management’s ‘Developments and New Opportunities in Microfinance’ Webinar,” May 9, 2012, https://www.microcapital.org/microfinance-event-absolute-portfolio-managements-developments-and-new-opportunities-in-microfinance-webinar-may-9-2012/
MicroCapital.org Story: “MICROCAPITAL BRIEF: Dual Return Fund of Vision Microfinance Loans $1.5m to Microfinance Institutions in Colombia, Dominican Republic,” September 14, 2011, https://www.microcapital.org/microcapital-brief-dual-return-fund-of-vision-microfinance-loans-1-5m-to-microfinance-institutions-in-colombia-dominican-republic/
MicroCapital.org Story: “MICROCAPITAL BRIEF: Austrian Absolute Portfolio Management to Launch Dual Return Fund-Vision Microfinance Local Currency,” September 30, 2010, https://www.microcapital.org/microcapital-brief-austrian-absolute-portfolio-management-to-launch-dual-return-fund-vision-microfinance-local-currency/
MicroCapital Universe Profile: Absolute Portfolio Management
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Absolute+Portfolio+Management
MicroCapital Universe Profile: Dual Return Vision Microfinance Fund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=DUAL+RETURN+VISION+MICROFINANCE+FUND
MicroCapital Universe Profile: The Dual Return Fund – Vision Microfinance Local Currency https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Dual+Return+-+Vision+Microfinance+Local+Currency+Fund
Similar Posts:
- MICROCAPITAL BRIEF: Impact Asset Management’s Dual Return Vision Microfinance Funds Issue Loans to MFIs in Ecuador, Georgia, Kyrgyzstan, Paraguay
- MICROCAPITAL BRIEF: Khan Bank Raises $10m in Bond Sale to Vision Microfinance Dual Return Fund to Support Women’s SMEs in Mongolia
- MICROCAPITAL BRIEF: DreamStart Labs Adding VisionFund as Preferred Financial Service Provider in Savings Groups App DreamSave
- MICROCAPITAL BRIEF: ADB Issues $8.5m Bond to Fund On-lending to Women, Agricultural MSMEs in Azerbaijan
- MICROCAPITAL BRIEF: Futu Expanding Digital Investment, Financial Education Platform to Malaysia
