Factsheets

The business case - unlocking the potential with a 10 years track record.



Investing
in over

50

emerging
countries



Since
inception over

1'600

loans have
been disbursed



Sharpe
Ratio

2.56

with a risk-free
rate of 1.1%



Annualized
return of

3.50%

in the last
24 months

EMF Microfinance Fund

Why Invest

Solid 12 years track record
• Roughly USD 4% annualized return
• Purest microfinance debt (no equity or FX risk)
• Low correlation to other asset classes
• Highly diversified & optimized risk/return profile
• State of the art investment process (combining rigorous on site due-diligence, proprietary research and tools with strong risk management)

Financial Profile

• Target return: USD 6M LIBOR +3-4% p.a.
• Strong geographical diversification, low volatility
• Correlation with MSCI World -0.04
• Correlation with JPM EMBI Global 0.05
• Correlation with 6-months USD Libor Index 0.15

Investor Profile

The Enabling Microfinance Fund is designed for qualified investors and targets both financial and diversification-focused investors as well as specialized impact investors seeking to benefit from the growth of emerging markets through sustainable and inclusive investments.

It serves institutional investors (pension funds, insurance companies, asset managers and banks) as well as private investors, directly or through private wealth managers, family offices or foundations.

Investment Strategy

The Enabling Microfinance Fund was founded in 2008. Since its inception, it has been a pure private debt fund, investing in microfinance institutions (MFI) in emerging and frontier markets. All the currencies are systematically hedged. This allows investors to obtain stable, uncorrelated and attractive financial returns while fostering financial inclusion.

This pure debt fund offers investors a capital preservation and growth strategy with a target return of 3-4% above Libor. In order to manage the investment risk, the Fund diversifies across a large number of countries, a broad range of MFIs and a strong blend of maturities, to achieve liqudity for investors.

Enabling Qapital has a team across all continents with strong investment expertise and a state of the art underwriting process as well as risk management.

Social Impact

The Enabling Microfinance Fund fosters financial inclusion and shared prosperity. Microfinance institutions provide loans and increasingly savings, insurance and related products to low-income groups.

The fund's focus on supporting financially sound, impact-focused local financial intermediaries enables the population of enrepreneurs to create and grow income-generating activities and to break out of poverty.  Expanding access to financial services for these customers promotes resilience, business growth, and helps generate and secure sustainable employment. This is key to unlocking the potential to deliver large-scale growth in formal employment within developing countries, leading to poverty reduction at scale over the long term.

The Enabling Microfinance Fund supports microfinance institutions in expanding their outreach, improving the quality and appropriateness of their financial services, and encourage the development of new products such as savings, insurance and payment services.

The EMF Microfinance Fund achieves and actively supports 11 of the 17 Sustainable Development Goals.

Client Protection Principles

Fund Name

EMF Enabling Microfinance Fund AGmvK

Client Protection Principles

Alternative Investment Fund AIF

Fund Structure

September 2008

Date of inception                      

Client Protection Principles

USD / CHF / EUR

Fund Currency

Client Protection Principles

Fund Facts

Client Protection Principles

Subscriptions

Monthly

Client Protection Principles

monthly, 30 days notice
(Each investor may redeem not more than 1% of Sub-Fund’s NAV (last available NAV). If more than 1% of Sub-Fund’s NAV are redeemed, a redemption period with 90 days notice is applied.)

Minimum Investment

USD/CHF/EUR 1’000

Redemptions

1.85%

Mgmt. Fee

Client Protection Principles

accumulating/distributing

Use of profits

Client Protection Principles

Foundation Shareclass

Client Protection Principles

Subscriptions

Monthly

Client Protection Principles

monthly, 30 days notice
(Each investor may redeem not more than 1% of Sub-Fund’s NAV (last available NAV). If more than 1% of Sub-Fund’s NAV are redeemed, a redemption period with 90 days notice is applied.)

Minimum Investment

USD/CHF/EUR 1'000'000

Redemptions

1.45%

Mgmt. Fee

Client Protection Principles

accumulating/distributing

Use of profits

Client otection Principles

Family Office Shareclass

Client Protection Principles

Subscriptions

Monthly

Client Protection Principles

monthly, 90 days notice

Minimum Investment

USD/CHF/EUR 5'000’000

Redemptions

1.2%

Mgmt. Fee

Client Protection Principles

accumulating/distributing

Use of profits

Client Protection Principles

Institutional Shareclass

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