Encouraging financial results!
LMDF generates encouraging financial results!
LMDF is a SICAV with a strong social mission to contribute to poverty alleviation in developing countries. But that doesn’t mean that financial returns are not important.
We have worked hard over the last months to increase the microfinance investments in LMDF and will continue to do so. This is beneficial for both our social mission and financial performance. End of September 81% of the Fund was invested in microfinance, a figure approaching the 90% maximum established in our Prospectus.
The investment quota, alongside a rising US-Dollar had positive effects on our income and we are proud to report six months financial returns of +1.8% for Class B and +1.3% for Class C. These are attractive returns in times of extremely low interest rates and bode well for the overall performance this year.