Social impact made visible - Microfinance projects 2025
Microfinance is becoming increasingly important as an asset class
In recent years, microfinance has developed into a serious alternative within institutional portfolios. In a market environment characterised by uncertainty, many investors particularly value its stable returns and low correlation with traditional capital market movements and asset classes. Even in challenging investment years such as 2008 or 2022, microfinance was able to deliver a positive return contribution to the portfolio. (Please note, however, that losses on the capital invested may also occur.) Microfinance investments offer direct access to the real economy in emerging and developing countries, thereby facilitating a combination of financial return and measurable social impact. In our view, it is precisely this link that is crucial: capital is not merely invested but is specifically deployed to generate economic development.
I-AM Vision Microfinance Market commentary
New Investments in Latin America
During the month of July 2026, I-AM Vision Micro-finance placed investments in El Salvador, Armenia, Vietnam and China. The investment in El Salvador has the intention to foster a positive impact on the UN Sustainable Development Goals 5 for Gender Equality as the MFI directs more than half of its loan portfolio to female clients and their microbusinesses as well as small businesses.
GreenStars Market commentary
Sector Rotation Broadens Market Performance
In July, market breadth increased as previously lagging sectors contributed more strongly to market performance alongside technology stocks. Despite mostly solid corporate earnings, equity markets traded broadly sideways. AI-related investment and strong cloud business provided support, while elevated valuations and rising bond yields weighed on sentiment.
I-AM Global Macro Market commentary
Rising interest rates and a tech correction characterised July – Europe emerged as a relative winner
July was characterised by a correction in the US technology markets, a renewed rise in oil prices fol-lowing stalled negotiations with Iran, and a signifi-cant rise in interest rates, which drove bond yields to new highs for the year. European equity markets proved more resilient than their US counterparts; towards the end of the month, surprisingly strong corporate earnings and lower-than-expected US in-flationary pressure fuelled a recovery.
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Please note: Fund-based investments are subject to general economic risks as well as fluctuations in value which may result in losses – and even the total loss of the capital invested. Express reference is made to the detailed risk notices provided in the prospectus. Unit classes denominated in foreign currencies entail an additional currency risk.
Their performance may rise or fall due to currency fluctuations.