On September 27, 2010, Absolute Portfolio Management, a private Austrian asset management company announced the launch of its second microfinance fund “Dual Return Fund- Vision Microfinance Local Currency”, a sub-fund of its “Dual Return Fund – Vision Microfinance”.
The new fund is intended to issue loans to microfinance institutions (MFIs) in Latin America, Eastern Europe, Asia and Africa in local currencies, thus limiting the exchange rate risks faced by MFIs.
According to the website of Absolute Portfolio Management, the existing Vision Microfinance fund has total assets of EUR 91.7 million (equivalent of USD 123 million) a portfolio yield of 8.3 percent as of August 25, 2010.
About Absolute Portfolio Management:
Absolute Portfolio Management is a private asset management company that targets institutional investors and high net worth individuals in Germany, Austria and Switzerland. The company manages eight funds in total, including two microfinance funds: the Dual Return Fund- Vision Microfinance and Vision Microfinance Local Currency fund. According to the website of Absolute Portfolio Management, the fund has total assets of EUR 91.7 million (equivalent of USD 123 million) and returns of 0.6 percent as of August 25, 2010.
By Trevor Kwong, Research Assistant
Sources and Additional Resources:
[1] Source: Absolute Portfolio Management email correspondence with MicroCapital
[2] MicroCapital Universe: Dual Return Fund- Vision Microfinance:
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=DUAL+RETURN+VISION+MICROFINANCE+FUND
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/tiki-index.php
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