Zurich - An equity investment vehicle managed by responsAbility Investments AG, which focuses on participations in solid financial services providers in developing and emerging economies, has successfully completed a CHF 74.75 million capital increase. The capital will be used to further expand a portfolio of participations in solid financial services providers in these markets. The responsAbility investment vehicle currently holds minority participations in four financial institutions and a network of financial services providers. The portfolio companies operate in a total of 21 countries.
Zurich - The Swiss asset manager responsAbility Investments AG (responsAbility), which specialises in development investments, is establishing an alternative investment fund management company in Luxembourg. responsAbility Management Company S.A. has taken over the management of six responsAbility investment products that are already domiciled in Luxembourg. The management company’s Alternative Investment Fund Manager (AIFM) status will enable responsAbility to distribute its investment products to professional investors throughout the EU in future.
Zurich - responsAbility Investments AG, an independent asset manager specializing in development investments, is launching a new investment fund in collaboration with founding partner Shell Foundation and anchor investor IFC, a member of the World Bank Group. The fund is dedicated to providing debt financing to fast-growing companies which promote access to decentralized modern energy solutions, primarily in Africa and Asia.
Zurich - responsAbility Investments AG has been appointed as investment manager for a KfW-led climate fund. Founded in December 2009, the fund is a public-private partnership dedicated to mitigating climate change through a reduction of greenhouse gas emissions in emerging and developing markets. The fund was initiated by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety and KfW Entwicklungsbank. Other current investors include the Department of Energy and Climate Change of the United Kingdom, the Danish Government, the International Finance Corporation, the Austrian Development Bank and a German pension fund serving as main investors. In this new role responsAbility is tasked with taking the fund’s growth to a new level.
Zurich - Following the change of government in India, a new era appears to be dawning in the country. Ensuring access to financial services for the 800 million adults living in India is one of the objectives defined in this context. The government and the Reserve Bank of India are focusing on the potential of the microfinance sector to help realize this objective. After suffering a politically-motivated setback in 2010, the microfinance sector is now thriving again and grew by 35% in 2013 alone. A study by the Swiss asset manager responsAbility Investments examines current developments in India’s financial sector and shows how microfinance institutions are using innovative models to steadily close the massive supply gap.
Zurich - Fairly traded products are growing in popularity. In 2013, sales of Fairtrade International-certified products in Switzerland grew by 15%, while worldwide their consumption rose by 20% to over USD 65 billion. Today, some 1.3 million smallholder farmers in 70 countries profit from fair trade. They, along with cooperatives, traders and importers, require working capital for their economic activities. The Swiss asset manager responsAbility Investments AG has been successfully mobilising private funds towards this purpose for nearly ten years.
Zurich - The Swiss asset manager responsAbility Investments AG, which specializes in development investments, is recording continued strong inflows of assets from both private and institutional investors – reflecting the sustained high level of investor interest in this area. In 2013 alone, its volume of assets under management grew by 37%. At the same time, there is strong demand for financing for the real economy in developing countries and emerging markets. In its latest Annual Review – Perspectives 2014 – responsAbility provides background information on its business activities and explains their impact from the perspective of investors as well as financed companies.
Nairobi - Africa has vast potential with regard to renewable energy. The demand for energy is soaring as a result of population growth and advancing industrialization. Targeted investments make it possible to harness the available potential and to thus satisfy this demand. The Swiss asset manager responsAbility Investments AG, which specializes in development-related sectors of emerging economies, has established a new company focusing on renewable energy in Sub-Saharan Africa in conjunction with the German development bank KfW as the main shareholder. responsAbility Renewable Energy Holding (rAREH) aims to develop, construct, own and operate small-scale hydro and biomass power plants in order to participate in the economic potential of renewable energy in African countries.
Zurich - The Swiss asset manager responsAbility Investments AG, which specializes in development-related sectors of emerging economies and developing countries, has reported an increase in assets under management to USD 2 billion. Founded in 2003 with a strong focus on microfinance investments, responsAbility today offers investment opportunities in the financial, agriculture, energy, healthcare and education sectors. Through its investment vehicles, responsAbility invests in non-listed companies that benefit from growth in emerging economies, irrespective of stock market developments. The substantial increase in assets (2013: +36%) reflects the undiminished investor interest in sustainable investments.
Zurich – The Research department of the Swiss asset manager responsAbility Investments has conducted a microfinance study to identify the factors determining interest rates for micro-borrowers. It has found that a combination of healthy competition, effective regulation, an appropriate market infrastructure and innovation help to drive efficiency gains at microfinance institutions (MFIs), resulting in lower operating costs and interest rates.