MIV Performance and Prospects : Highlights from the CGAP 2009 MIV Benchmark Survey

MIV Performance and Prospects : Highlights from the CGAP 2009 MIV Benchmark Survey

Consultative Group to Assist the Poorest' (CGAP) 2009 Microfinance Investment Vehicles (MIVs) survey sheds light on the resilience of microfinance investments. MIVs grew by 31 percent in 2008 and posted strong returns on investments in the fac...

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Bibliographic Details
Main Authors:	Reille, Xavier, Glisovic-Mezieres, Jasmina, Berthouzoz, Yannis, Milverton, Damian
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ASSET ALLOCATION ASSET CLASS ASSET MANAGEMENT ASSET MANAGERS ASSETS ASSETS UNDER MANAGEMENT AVERAGE DEBT AVERAGE FUND BANKS BENCHMARK BENCHMARKS CAPITAL INVESTMENTS CARBON EMISSION CARBON EMISSIONS COOPERATIVES CREDIT POLICIES CREDIT RISK CREDIT RISKS CROSS-BORDER INVESTMENT CURRENCY DEBT DEBT CAPITAL DEBT INSTRUMENTS DEBT INVESTMENT DEMAND FOR CAPITAL DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DISCLOSURE DUE DILIGENCE ECONOMIES OF SCALE EMERGING MARKET EMERGING MARKET ASSET EMERGING MARKETS EQUITY CAPITAL EQUITY FINANCE EQUITY FUNDS EQUITY INVESTMENT EQUITY INVESTMENTS EXCLUSION EXCLUSIONS EXPENSE RATIO EXPOSURE FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL SERVICES FIXED INCOME FIXED INCOME INVESTMENT FIXED INCOME MUTUAL FUNDS FIXED INTEREST FIXED INTEREST RATES FOREIGN CAPITAL FOREIGN EXCHANGE FUND RETURNS FUND SIZE FUNDING SOURCES GROWTH RATE HOLDING HOLDING COMPANIES HOLDING COMPANY HOLDINGS INCOME FUNDS INCOME GROWTH INSTITUTIONAL INVESTORS INTERNAL RATE OF RETURN INVESTMENT COMPANIES INVESTMENT CORPORATION INVESTMENT FUND INVESTMENT FUNDS INVESTMENT POLICIES INVESTMENT VEHICLES LIABILITY LIQUIDITY MARK-TO-MARKET MARKET CONDITIONS MARKET VALUES MARKET VOLATILITY MFI MFIS MICROFINANCE MICROFINANCE INSTITUTIONS MICROINSURANCE MULTILATERAL INVESTMENT FUND MUTUAL FUNDS NET RETURNS NEW MARKETS PORTFOLIO PRIVATE EQUITY PRIVATE EQUITY FUNDS PRIVATE INVESTMENT PRIVATE INVESTORS PROFIT ORGANIZATIONS PROMISSORY NOTES RAPID EXPANSION RATE OF RETURN REDEMPTIONS REGULATORY FRAMEWORKS RESPONSIBLE INVESTMENT RETAIL INVESTORS RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SECONDARY MARKET TAX TECHNICAL ASSISTANCE VARIABLE RATES VENTURE CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2009/09/12821069/miv-performance-prospects-highlights-cgap-2009-miv-benchmark-survey http://hdl.handle.net/10986/9490

Description
Summary:	Consultative Group to Assist the Poorest' (CGAP) 2009 Microfinance Investment Vehicles (MIVs) survey sheds light on the resilience of microfinance investments. MIVs grew by 31 percent in 2008 and posted strong returns on investments in the face of one of the toughest financial crises in decades. However, overall MIV performance may deteriorate in 2009 as the impact of adverse market conditions, including increased credit risks, hits. The survey, for the first time, also reveals MIVs' efforts to include environment, social, and governance (ESG) considerations in their investment policies, due diligence, and monitoring.

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