I-AM GreenStars Market Commentary

The stock markets continued their unabated rise in March and are already up double digits this year. Strong economic growth in the US and a supportive monetary environment are providing the necessary tailwind.

I-AM Vision Microfinance Market Commentary

At the end of March, around a quarter of the I-AM Vision Microfinance Fund's portfolio comprised the top 3 positions Costa Rica, Mongolia and Armenia, thus supporting various banks, cooperatives and traditional microfinance institutions in these countries. The three countries also exemplify the broad diversification of the fund, as can be seen here with Central America, Central Asia and the Caucasus region.

I-AM Vision Microfinance - Social Impact Investing

The fund management of the I-AM Vision Microfinance Funds is committed to social impact. This also includes evaluating the social commitment of the supported institutions on site. This is why the fund management team regularly undertakes due diligence trips to see the work of the institutions for themselves. At the beginning of December, Birgit Havlik, fund manager at Impact Asset Management (I-AM), visited various regions of Mexico for this purpose and spoke to the management of the institutions about the current situation in the country, current challenges and future goals.

Médecins Sans Frontières says THANK YOU for the generous donation and that I-AM stands by patients, especially in times like these, to provide them with medical care, they would otherwise not have access to.

DUAL RETURN FUND - VISION MICROFINANCE Market Commentary

The Dual Return Vision Microfinance Funds are well diversified over the targeted regions. South East Asia & Pacific, South America, Central America, Mexico & Caribbean and South Asia are strategically most important and receive more than 70% of the allocation in total.

Frankfurt am Main, 30 November 2023: Impact Asset Management's microfinance funds will be renamed with effect from 1 January 2024. The DUAL RETURN FUND - Vision Microfinance and the DUAL RETURN FUND - Vision Microfinance Local Currency will be renamed I-AM Vision Microfinance and I-AM Vision Microfinance Local Currency respectively. There will be no changes to the investment strategy of the two funds.

Médecins Sans Frontières says THANK YOU for the generous donation and that I-AM stands by patients, especially in times like these, to provide them with medical care, they would otherwise not have access to.

We invite you to participate in our online fundraising campaign for Doctors Without Borders and donate an additional 10 euros per participant.