MICROCAPITAL BRIEF: Absolute Portfolio Management’s Vision Microfinance Funds Loan $1.5m to Microfinance Institution in Ecuador

Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it has disbursed credits worth approximately USD 1.5 million to an unspecified microfinance institution (MFI) in Ecuador from its Vision Microfinance funds – the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency [1]. APM reports that the MFI provides “a wide range of financial and non-financial products” to the low income people in Ecuador.

As of October 2014, the Dual Return funds reported total assets of USD 264 million under management.

By Nisha Koul, Research Associate

About Absolute Portfolio Management (APM): Absolute Portfolio Management GmbH (APM), an arm of Austria-based asset management group C-Quadrat, 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, an Austrian investment company with a focus on microfinance in developing countries. 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, an Austrian investment company with a focus on microfinance in developing countries. 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 2014, Dual Return Fund-Vision Microfinance Local Currency reports total assets of USD 49.5 million.

Sources and Additional Resources:

[1] Information provided by Absolute Portfolio Management to MicroCapital.

MicroCapital Story, October 2014, Absolute Portfolio Management’s Vision Microfinance Funds Invest $8.5m in Microfinance Institutions (MFIs) in Azerbaijan, Cambodia, Ecuador, India

MicroCapital Story, June 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

MicroCapital Universe Profile, Absolute Portfolio Management

MicroCapital Universe Profile, Dual Return Fund-Vision Microfinance

MicroCapital Universe Profile, Dual Return Fund-Vision Microfinance Local Currency

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