Performance of Triodos investment funds in the first six months of 2016
Stable performance in challenging markets
26-08-2016 | In the midst of challenging markets, the total volume of the Triodos investment funds remained almost stable at EUR 3.1 billion during the first six months of 2016 (end of 2015: EUR 3.1 billion).
Compared to year-end figures, the total volume of the Triodos investment funds decreased by 2.5%.This modest decrease is partly due to the fact that Triodos Renewables plc (EUR 142 million) has transitioned into an independent company, renamed Thrive Renewables as per March 1st. As a result, its assets no longer contribute to the total volume of Triodos Investment Management. Also, the Triodos SRI Funds (Triodos SICAV I) were faced with very volatile stock markets. Although these funds continued to see inflows, this was not materialised in growth of the funds due to a decrease of share prices, mainly in the first quarter of the year. Compared to the year-end figures, the Triodos SRI Funds experienced a marginal decrease of 0.3% to EUR 1.279 million.
The majority of the Triodos Investment Funds experienced growth in the first six months of 2016. Triodos Organic Growth Fund realised a significant expansion of 19.6% to EUR 39.0 million. Triodos Microfinance Fund and Triodos Fair Share Fund noted an increase in assets under management of 9.4% and 7.5% to EUR 333.6 million and EUR 319.8 million, respectively. Triodos Renewables Europe Fund increased its assets under management in the first half of 2016 by 7.6% to EUR 69.5 million.
Marilou van Golstein Brouwers, Chair of the Management Board of Triodos Investment Management: “In the current volatile and challenging economic climate, we continue to see a growing group of investors that invest with a long term focus and the aim to create positive impact. And thankfully so, because a long term focus is needed to address the challenges the world faces, such as climate change or the continued growth in social inequality. Many of these challenges are addressed in the UN Sustainable Development Goals. With the help of committed investors that want to achieve lasting impact through their investments, we can make a much needed contribution to realising these goals.”
Triodos Multi Impact Fund, the Triodos fund-of-funds which was launched in December 2015, increased its fund size to EUR 33.4 million. This is an increase of 73.4% compared to the end-year figures. The fund enables private investors to invest directly in a mix of Triodos investment funds and impact bonds, thus meeting the increasing demand for accessible, scalable and daily tradable investment products with a positive impact.
Triodos Green Fund, Triodos Culture Fund and Triodos Real Estate Fund remained stable with only marginal decreases. Triodos Green Fund decreased by 0.1% to EUR 676.2 million. Triodos Culture Fund and Triodos Real Estate Fund both decreased by 0.7% to EUR 97.0 million and EUR 67.7 million, respectively.
Triodos investment funds offer investors the opportunity to directly invest in sustainable sectors. These sectors range from inclusive finance, sustainable energy and organic food and agriculture, to cultural institutions, sustainable real estate and listed companies with an above-average social and environmental performance.
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