Swiss Investment Fund for Emerging Markets Overview
Economic Development Agency
Swiss Investment Fund for Emerging Markets General Information
Swiss Investment Fund for Emerging Markets (SIFEM) is an economic development agency based in Bern, Switzerland. Established in 2005, the mission of the agency is to promote long-term, sustainable and broad-based growth in developing and emerging countries. The agency supports enterprises in its partner countries by making capital and loans available and providing knowledge to professionalize business management. In addition, the agency encourages fair working conditions, environmentally friendly production standards, and integrity in business practices. SIFEM has outsourced portfolio management to a management company called Obviam. The organization's governing board is elected by the Swiss Federal Council. The board sets the investment strategy of SIFEM according to the strategic objectives of the Swiss Federal Council and monitors the former's operational transactions. The board has delegated its investment decisions to its investment committee and formed an audit committee. The audit committee deals with issues relating to portfolio performance and evaluation, financial statements, risk management, the budget, and the fees of Obviam.