SIFEM - Swiss Investment Fund for Emerging Markets

SIFEM AWARDS NEW PORTFOLIO MANAGEMENT MANDATE, COMMENCING 1 SEPTEMBER 2022

The Board of the Swiss Investment Fund for Emerging Markets (SIFEM) has decided, based on the result of an open procurement procedure conducted in conformity with Swiss legislation, to award the future management of the SIFEM portfolio to responsAbility Investments AG (www.responsAbility.com).

 

The award has been published officially on www.simap.ch. The mandate will commence on 1 September 2022, and will last for five years, with the option to extend it for five more years if both parties agree.  The business services management mandate will be awarded in a second step later in the year.

The SIFEM Board is grateful to Obviam AG and all its staff for the excellent collaboration during more than 10 years, which has led to substantial development results and to positive financial returns. Obviam has skillfully developed the SIFEM portfolio and has ensured the solid reputation of SIFEM among Development Finance Institutions.

The SIFEM Board looks forward to working with responsAbility as its new portfolio manager, bringing its extensive impact investment experience over many years to the SIFEM mandate.


Disclaimer
The Board will not be able to comment on this decision for the next three weeks as the award is not yet legally effective.