tailieunhanh - Triodos Microfinance Fund Audited annual report 2011

For the countries in our sample, the mutual fund industry comprises of the primary financial assets, on average, with a median of . As we discuss in more detail subsequently, two countries are substantial outliers -- the fund industries in Luxembourg and Ireland account for 484% and 82% of their country’s primary assets. We treat these two extreme observations with some care in our work. The naïve inclusion of these countries in multivariate analyses can produce misleading results, but given that these are two interesting data points in our analysis, it would . | Triodos Microfinance Fund Audited annual report 2011 Triodos L InvestmentManagement Microfinance is the provision of financial services to low-income people in developing countries. An inclusive financial sector where the majority of people have access to financial services provides a sustainable basis for balanced socio-economic development. Triodos SICAV II - Triodos Microfinance Fund Audited annual report 2011 Société d Investissement à Capital Variable organised under the laws of the Grand Duchy of Luxembourg The value of the investments may fluctuate. Past performance is no guarantee of future results. No subscription can be accepted on the basis of financial reports. Subscriptions are only valid if they are made on the basis of the latest published prospectus accompanied by the latest annual report and the most recent semi-annual report if published thereafter. The prospectus is available free of charge at the registered office of Triodos SICAV II in Luxembourg and from Triodos Bank . Triodos Investment Management is a 100 subsidiary of Triodos Bank. Triodos Investment Management is the Investment Manager of Triodos Microfinance Fund and manages the assets on a day-to-day .

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• Eliminate additional
• one decision
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• protected against
• automated
• event driven backups
• complete protection
• Confidence always
• Ensures systems