ABBL

LuxFLAG, the Luxembourg Fund Labelling Agency, has granted three investment funds specialising in environmental investment the LuxFLAG Environment Label status. With more than USD 400 million under management the three funds are the Green for Growth Fund ‐ Southeast Europe, Lux‐Equity Eco Global and Parvest‐ Environmental Opportunities.

The Environment Label was launched by LuxFLAG in June 2011 and allows investors to transparently and independently ensure that the majority of assets are in environment‐related and socially responsible sectors. The LuxFLAG Environment Label is granted to funds investing in environment‐related sectors irrespective of their domicile of registration. The LuxFLAG Environment Label is promoting investment of capital in environment related sectors.

Details of the three labelled EIVs are available on LuxFLAG’s website: www.luxflag.org. The website also contains details of the LuxFLAG Environment Label Eligibility Criteria and an Application form that can be downloaded by entities wishing to apply for the LuxFLAG Environment Label.

Two additional Microfinance Investment Vehicles obtain LuxFLAG Microfinance Label LuxFLAG is pleased to announce that two new microfinance investment vehicles have been granted the LuxFLAG Microfinance Label.

These are the Azure Global Microfinance Fund SICAV‐SIF and responsAbility SICAV (Lux) Financial Inclusion Fund.

The LuxFLAG Microfinance Label assists capital raising by microfinance funds by reassuring investors that the microfinance investment vehicles really invests the majority of its assets in the microfinance sector in a responsible manner.

Altogether, in 2011 LuxFLAG granted 9 new Microfinance Labels and renewed 13 Microfinance Labels. The number of MIVs labelled by LuxFLAG has grown substantially from the beginning of 2010 from 8 MIVs to 22 MIVs, and they now represent approximately USD 3.35 billion in Assets Under Management. This confirms the continuing interest in the LuxFLAG Microfinance Label and reinforces its importance in terms of providing greater transparency to investors.

Details of the twenty two labelled MIVs are available on LuxFLAG’s website: www.luxflag.org. The website also contains details of the LuxFLAG Microfinance Label Eligibility Criteria and an Application form that can be downloaded by entities wishing to apply for the LuxFLAG Microfinance Label.


(Source: LuxFLAG)