Our friends at P2P Finance News report the latest figures from Honeycomb Investment Trust (a quoted company that invests in other companies). This part of an accelerating trend that is bringing alternative finance – including peer-to-peer (P2P) business lending, a sub-sector of crowdfunding – to the centre stage of mainstream finance.
"HONEYCOMB investment trust has doubled its net assets in the 12-month period ending 30 June 2017.
"According to the company's half-year report released on Thursday, net asset value (NAV) including income was £304,749,000, up from £150,925,000 a year earlier. Likewise, market capitalisation was £350,135,000 on 30 June 2017 compared with £152,250,000 on 30 June 2016.
NAV per share came in at 1,018.3p, up from 1,006.2p a year earlier, bringing the total NAV since inception to 13.16 per cent.
"The alternative finance-focused fund's investments include holdings in business lender Iwoca and the Green Deal Finance Company."
Latest News: As we write this article, our latest B-rated, property backed 12-month loan offering is over 40 per cent subscribed. The gross yield is fixed at 10 per cent.
Money&Co. brings individuals looking to get good return on capital with carefully vetted small businesses seeking funds to grow. We run our loan book conservatively, and have no defaults in over three years of facilitating loans. In addition to new loan offerings, our secondary loan market, offering existing loans for sale by lenders, is available to registered Money&Co. users.
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Risk: Security, Access, Yield
Do consider not just the return, but the security and the ease of access to your investment. We write regularly about these three key factors. Here's an earlier article on security, access and yield.
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