Triodos Investment Management’s total assets under management grew by EUR 768 million to EUR 5.0 billion, a 18% increase (2018: 21% increase) during the year. This strong growth was the result of continued inflow in almost all funds, as well as a favourable market environment. The significant growth of the overall assets under management includes a decrease by EUR 102 million, as a result of ending the activities of Triodos Vastgoedfonds.
Triodos Renewables Europe Fund increased its assets under management during the year by 44.6% to EUR 119.9 million. Triodos Fair Share Fund and Triodos Microfinance Fund grew by 9.2% and 19.0% to EUR 399.4 million and EUR 453.9 million respectively. The Triodos Impact Equities and Bonds Funds (Triodos SICAV l), which invest in listed companies, grew by 36.5% to EUR 2,020.3 million.
Assets under management in the Dutch Triodos Green Fund increased by 9.6% to EUR 969.4 million. In 2020, investors showed a clear and strong appetite to invest in the fund, leading to above-average inflow. As a result, Triodos Green Fund was temporarily closed for new investments, as of 5 August 2019. By doing so, the fund avoided jeopardising its fiscal status as a green investment fund by dropping under the 70% limit of approved green investments. The fund reopened on 2 January 2020.
Triodos Organic Growth Fund decreased its assets under management by 23.8% to EUR 42.1 million. Triodos Multi Impact Fund, the Triodos fund-of-funds, decreased its fund size by 5.2% to EUR 35.8 million by the year end.