Triodos Investment Management’s total assets under management grew by EUR 731 million to EUR 4.2 billion, a 21% increase (2017: 5% increase) during the year. Strong growth was mainly the result of taking on the financial asset management of the discretionary portfolios of Triodos Bank Private Banking Netherlands.
Triodos Renewables Europe Fund increased its assets under management during the year by 18.5% to EUR 83 million. Triodos Organic Growth Fund increased its assets under management by 12.3% to EUR 55.3 million. Triodos Fair Share Fund and Triodos Microfinance Fund grew by 3.5% and 3.6% to EUR 366 million and EUR 382 million respectively. The Triodos Sustainable Funds (Triodos SICAV l), which invest in listed companies, grew by 5.5% to EUR 1,481 million.
Assets under management in the Dutch Triodos Green Fund increased by 4.1% to EUR 885 million. Triodos Green Fund was temporarily closed to the inflow of new investments, as of 2 October 2018. This avoided jeopardizing its fiscal status as a green investment fund by dropping under the 70% limit of approved green investments. The fund reopened on 2 January 2019.
Triodos Real Estate Fund grew its assets under management by 38.3% to EUR 102 million, following a number of acquisitions adding to the fund’s existing portfolio.
Triodos Multi Impact Fund, the Triodos fund-of-funds, decreased its fund size by 17.4% to EUR 38 million by the year end.