Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it disbursed credits totaling approximately 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 Azerbaijan, Cambodia, Ecuador, and India. Of the total, USD 3.3 million was disbursed to an MFI that was founded in 1990 in the Indian capital, Delhi. The MFI offers a network of 199 service points and also provides non-financial services such as free health exams, financial education classes and community-building events.
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, 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 25, 2014, Dual Return Fund-Vision Microfinance Local Currency reports total assets of USD 49.5 million.
Sources and Additional Resources:
Information provided to MicroCapital by Absolute Portfolio Management, October 2014
MicroCapital, August 25, 2014: https://www.microcapital.org/microcapital-brief-absolute-portfolio-managements-vision-microfinance-funds-loan-5m-to-microfinance-institutions-mfis-in-georgia-bolivia-tajikistan/
MicroCapital, July 27, 2014: Absolute Portfolio Management’s Vision Microfinance Funds Loan $14m to Microfinance Institutions (MFIs) in Armenia, China, India, Peru, 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
MicroCapital, February 3, 2014: Absolute Portfolio Management Loans $18m from Dual Return Funds to Microfinance Institutions in Asia, Latin America
MicroCapital Universe Profile: Absolute Portfolio Management
MicroCapital Universe Profile: Dual Return Fund-Vision Microfinance Local Currency
MicroCapital Universe Profile: Dual Return Vision Microfinance Fund
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