Impact Asset Management (I-AM), a unit of Austria’s C-Quadrat Investment Group, recently announced it lent a total of USD 20 million to microfinance institutions (MFIs) in China, Mexico, Mongolia, Nepal, Peru and three other countries through its Dual Return Funds during July 2022. I-AM has not released the names of the three countries or any of the MFIs involved. However, the investees included MFIs in Mexico and Peru that the funds had not supported previously. The group of transactions also expanded the funds’ portfolio into Nepal for the first time.
The Dual Return sub-funds are Vision Microfinance and Vision Microfinance Local Currency. Selected share classes of these sub-funds generated one-month returns ranging from 0.35 percent to 0.92 percent during July 2022. As of 2021, the funds held assets valued at EUR 677 million (USD 734 million).
I-AM, which was founded in the city of Vienna in 2006, “focuses on sustainable investments and microfinance products.” As of December 2021, it reports assets under management totaling EUR 3.4 billion (USD 3.7 billion).
C-Quadrat was founded in 1991 and since has built its portfolio to a valuation of EUR 8 billion (USD 8.7 billion).
By Ben Greissman, Research Associate
Sources and Additional Resources
Vision Microfinance commentary
https://reporting.impact-am.eu/Monatsupdate_Allgemein/VMF_Info/EN/VMF_Market_Commentary_072022_EN.pdf
Vision Microfinance homepage
https://www.visionmicrofinance.com
I-AM homepage
https://www.impact-am.eu
C-Quadrat homepage
https://www.c-quadrat.com
Previous MicroCapital story on I-AM and Dual Return Vision Microfinance
https://www.microcapital.org/microcapital-brief-c-quadrat-impact-asset-management-i-am-loans-35m-to-8-countries-via-dual-return-vision-microfinance-funds/
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