Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it disbursed credits totaling the approximate equivalent of USD 8.5 million from its two Vision Microfinance funds, the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency, to unspecified microfinance institutions (MFIs) in Cambodia, Costa Rica, Ecuador and Peru. Of the total, USD 1 million was disbursed to an MFI that was founded in 1996 in the Costa Rican capital, San Jose. The MFI dedicates a portion of its yearly income to provide benefits to its members such as elderly programs, financial training, medical assistance and scholarships. The MFI also regularly informs its members about internal developments in an effort to maintain a high level of transparency.
As of June 2014, APM reports total assets of USD 323 million under management. As of February 25, 2014, Dual Return Fund-Vision Microfinance Local Currency reports total assets of USD 49.5 million. As of September 2014, The Dual Return Fund-Vision Microfinance has total assets of USD 270.3 million.
By Ananya Tiwari, Research Associate
About Absolute Portfolio Management (APM)
Absolute Portfolio Management GmbH (APM) is an Austria-based asset management company that offers investment and advisory services in microfinance and other sectors. The firm’s Dual Return–Vision Microfinance and Dual Return Fund–Vision Microfinance Local Currency were created in 2006. As of June 2014, APM reports total assets of USD 323 million under management. APM is a unit of Austrian fund group C-Quadrat.
About Dual Return Fund-Vision Microfinance
The Dual Return Fund is a sub-fund of Vision Microfinance, both of which were created in 2006 by Absolute Portfolio Management GmbH (APM), an Austrian investment company with a focus on microfinance in developing countries. APM is a unit of Austrian fund group C-Quadrat. As of July 2014, its annual label was renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether investment vehicles actually support the microfinance sector. As of August 2014, the Dual Return Fund reported total assets of USD 291 million.
About Dual Return Fund-Vision Microfinance Local Currency
The Dual Return Fund Local Currency is a sub-fund of Vision Microfinance, both of which were created in 2006 by Absolute Portfolio Management GmbH (APM), an Austrian investment company with a focus on microfinance in developing countries. APM is a unit of Austrian fund group C-Quadrat. The fund disburses local-currency loans directly to microfinance institutions (MFIs). As of July 2014, its annual label was renewed by the Luxembourg Fund Labeling Agency (LuxFLAG), an organization that investigates whether investment vehicles actually support the microfinance sector. As of February 25, 2014, Dual Return Fund-Vision Microfinance Local Currency reports total assets of USD 49.5 million.
Sources and Additional Resources:
[1] provided to MicroCapital by Absolute Portfolio Management, January 2015
MicroCapital, November 10, 2014, Absolute Portfolio Management’s Vision Microfinance Funds Loan $1.5m to Microfinance Institution in Ecuador, https://www.microcapital.org/microcapital-brief-absolute-portfolio-managements-vision-microfinance-funds-loan-1-5m-to-microfinance-institution-in-ecuador/
MicroCapital, October 3, 2014, Absolute Portfolio Management’s Vision Microfinance Funds Invest $8.5m in Microfinance Institutions (MFIs) in Azerbaijan, Cambodia, Ecuador, India, https://www.microcapital.org/microcapital-brief-absolute-portfolio-managements-vision-microfinance-invests-8-5m-in-microfinance-institutions-mfis-in-azerbaijan-cambodia-ecuador-india/
MicroCapital, August 25, 2014, Absolute Portfolio Management’s Vision Microfinance Funds Loan $5m to Microfinance Institutions, MFIs in Georgia, Bolivia, Tajikistan, https://www.microcapital.org/microcapital-brief-absolute-portfolio-managements-vision-microfinance-funds-loan-5m-to-microfinance-institutions-mfis-in-georgia-bolivia-tajikistan/
MicroCapital, June 30, 2014, Absolute Portfolio Management’s Vision Microfinance Funds Loan $9.4m to Microfinance Institutions (MFIs) in Armenia, India, Kazakhstan, Kyrgyzstan, Mongolia, Peru, Sri Lanka, Tanzania, https://www.microcapital.org/microcapital-brief-absolute-portfolio-managements-vision-microfinance-funds-loan-9-4m-to-microfinance-institutions-mfis-in-armenia-india-kazakhstan-kyrgystan-mongolia-peru-sri-lanka/
MicroCapital Universe Profile: Absolute Portfolio Management, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Absolute+Portfolio+Management
MicroCapital Universe Profile: Dual Return Fund-Vision Microfinance Local Currency, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Dual+Return+-+Vision+Microfinance+Local+Currency+Fund
MicroCapital Universe Profile: Dual Return Vision Microfinance Fund, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=DUAL+RETURN+VISION+MICROFINANCE+FUND#Description
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