Absolute Portfolio Management GmbH, an Austrian investment company that specializes in microfinance, recently reported that the Dual Return Fund, a sub-fund of Absolute’s Vision Microfinance, made debt investments totaling USD 5 million in unnamed microfinance institutions (MFIs) in Colombia, Kazakhstan, Russia and Philippines [1].
In July 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 0.27 percent for its EUR (P) Share Class and 0.32 percent for its EUR (I) Share Class. As of July 2011, Dual Return Fund reported a total fund volume of EUR 80.8 million (USD 115 million) and loans issued to 62 MFIs in 26 emerging markets.
By Nisha Koul, 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) by Absolute Portfolio Management GmbH, an Austrian investment company specializing in microfinance. As of July 2011, Dual Return Fund reported a total fund volume of EUR 80.8 million (USD 115 million), a fund investment level of 75 percent and loans issued to 62 MFIs in 26 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:
[1] “Dual Return Fund – Vision Microfinance Factsheet July, 2011” submitted to MicroCapital, August, 2011
MicroCapital.org story, July 14, 2011, “MICROCAPITAL BRIEF: Dual Return Fund of Vision Microfinance Loans $3m to Microfinance Institutions in Mongolia, Georgia, Azerbaijan, Kyrgyzstan, Ecuador,” https://www.microcapital.org/microcapital-brief-dual-return-fund-of-vision-microfinance-loans-3m-to-microfinance-institutions-in-mongolia-georgia-azerbaijan-kyrgyzstan-ecuador/
MicroCapital.org story, May 12, 2011, “MICROCAPITAL BRIEF: Vision Microfinance’s Dual Return Fund Loans $6m to MFIs in Armenia, Ecuador, Georgia, Mexico, Peru; Unspecified Mexican MFI Defaults,” 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 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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