Triodos Investment Management’s total assets under management grew by EUR 916 million to EUR 6.4 billion, a 17% increase (2020: 10% increase) during the year. Amidst times of global uncertainty due to the COVID-19 pandemic, this significant growth of the overall assets under management was the result of effective mitigating measures as a response to the pandemic and continued confidence among Triodos Investment Management‘s investor base.
The Triodos Impact Equities and Bonds Funds (Triodos SICAV l), which invest in listed companies, grew by 24.5% to EUR 3,049.7 million. The assets under management in the discretionary portfolios of Triodos Bank Private Banking Netherlands, which are managed by Triodos Investment Management, increased by 14.1% to EUR 902.6 million.
Assets under management in the Dutch Triodos Green Fund, the fund that invests in green projects that promote sustainable development, increased by 9.9% to EUR 1,188.8 million.
Triodos Fair Share Fund and Triodos Microfinance Fund, the funds that invest in financial institutions in emerging markets, saw the assets under management increase by 8.2% and 9.1% to EUR 381.3 million and EUR 485.3 million respectively.
Triodos Food Transition Europe Fund, the fund that offers investors the opportunity to participate in the growth of the organic consumer and sustainable lifestyle sector in Europe, grew by 49.5% to EUR 72.3 million. This sharp growth of the assets under management is the result of investor inflow on the one hand and strong portfolio performance on the other hand.
Triodos Energy Transition Europe Fund, the fund that invests in assets and companies that generate renewable energy, improve energy efficiency and/or offer energy flexibility, decreased its assets under management during the year by 14.5% to EUR 130.2 million. This decrease is resulting from the fact that the fund was closed for new inflow in April due to a disproportionately increased liquidity position resulting from a year-on-year strong interest from investors in the fund combined with the relatively long lead-time of the type of investments of the fund.
Triodos Multi Impact Fund, the Triodos fund-of-funds, increased its fund size by 7.3% to EUR 34.4 million by the year end. The net asset value of the SFRE Fund increased by 10.4% to USD 43.2 million. The SFRE Fund was launched in March 2015 by the Global Alliance for Banking on Values (GABV). It is the first global open-ended investment fund created to deploy long-term and mission aligned capital to values-based banks and is managed by Triodos Investment Management.