Absolute Portfolio Management GmbH, an Austrian investment company that specializes in microfinance, recently reported that its Dual Return Fund, a sub-fund of Vision Microfinance, made debt investments totaling USD 3 million in unnamed microfinance institutions (MFIs) in Mongolia, Georgia, Azerbaijan, Kyrgyzstan and Ecuador.
In June 2011, Dual Return Fund’s total microfinance investment portfolio reported an annualized yield of 7.9 percent and an investment level of approximately 75 percent. Dual Return Fund reported year-to-date returns of 0.32 percent for its EUR (P) Share Class and 0.39 percent for its EUR (I) Share Class. As of June 2011, Dual Return Fund reported a total fund volume of EUR 85.2 million (USD 119 million) and loans issued to 54 MFIs in 24 emerging markets.
By Carol Kim, Research Associate
About Dual Return Vision Microfinance Fund: The Dual Return Fund is a sub-fund of Vision Microfinance, both of which were created in 2006 to support microfinance institutions (MFIs). The Dual Return Fund is managed by Absolute Portfolio Management GmbH, an Austrian investment company specializing in microfinance. As of June 2011, Dual Return Fund reported a total fund volume of EUR 85.2 million (USD 119 million), a fund investment level of 75 percent and loans issued to 54 MFIs in 24 emerging markets. In April 2011, 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:
Vision Microfinance: “VMF Market Commentary June 2011”, July 8, 2011, http://www.visionmicrofinance.com/en/news/overview/single-en/article/vmf-market-commentary-june-2011-570/
MicroCapital.org: “MICROCAPITAL BRIEF: ImpactAssets Includes 22 Microfinance-Focused Fund Managers in List of Top 50 Impact Investors”, June 30, 2011 https://www.microcapital.org/microcapital-brief-impactassets-includes-22-microfinance-focused-fund-managers-in-list-of-top-50-impact-investors/
MicroCapital.org: “MICROCAPITAL BRIEF: Vision Microfinance’s Dual Return Fund Loans $6m to MFIs in Armenia, Ecuador, Georgia, Mexico, Peru; Unspecified Mexican MFI Defaults”, May 12, 2011, https://www.microcapital.org/microcapital-brief-vision-microfinance%E2%80%99s-dual-return-fund-loans-6m-to-mfis-in-armenia-ecuador-georgia-mexico-peru-unspecified-mexican-mfi-defaults/
MicroCapital’s Universe Profile: Dual Return Vision Microfinance Fund, 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/
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