I-AM - Vision Microfinance - I-EUR (T)
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General Objective
The objective of the fund is to enable investors to become involved in the microfinance industry by investing in carefully selected microfinance institutions in developing and emerging countries. This investment supports microentrepreneurs in setting up or developing their small businesses, creating new jobs, and fostering economic development in regions such as Latin America, Central and Eastern Europe, Asia, and Africa.
Fund Exposure
The fund is exposed to investments in microfinance institutions through debt instruments, collateralized debt obligations, equities, and equity-related instruments of service providers in the microfinance sector. It may also invest in derivatives for hedging, yield optimization, or speculation purposes. The main focus of investments is on Latin America, Central and Eastern Europe, Asia, and Africa.
Risks
Investing in the fund entails risks such as price, interest-rate, currency, and issuer risks. There is also a risk of a decrease in the share class value due to defaults by borrowers or microfinance institutions. Additionally, the use of derivative financial instruments can result in significantly higher risks due to leverage, and incorrect decisions in the selection and timing of investments cannot be completely ruled out.