Dexia Microcredit Fund posts positive result in January: BlueOrchard
- Thursday, February 18, 2010, 16:57
- Latest News
- Add a comment
By Matthew Fuchs
Microfinance Focus, Feb 18, 2010: The Dexia Microcredit Fund (DMCF), managed by BlueOrchard, begun the year with a positive result, posting a return of 0.12% in January 2010 for the USD share class . According to the fund’s monthly report, the fund also made four new investments in South, East and Central Asia totaling $7.4 million. The DMCF’s NAV is $513 million, with microfinance loan portfolio totaling $383 million. BlueOrchard is based in Geneva, Switzerland.
There continued to be a “strong divergence in the performance of MFIs on a regional basis” with many regions appearing to come out of recession while MFIs in other regions, notably Eastern Europe and Central America, are still coming under considerable pressure, the report said.
The fund also participated in the restructuring in the obligations of an MFI in Nicaragua, but as provisions had already been made against the position it did not impact on fund performance, BlueOrchard said.
© 2010, Microfinance News. All rights reserved. 2008-09
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!