Default level of Spanish loans over the past 12 months.
Jul 19, 2015 14:56:44 GMT
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Post by JamesFrance on Jul 19, 2015 14:56:44 GMT
As regular Bondora investors will know, the ability to select borrower country when using the portfolio manager for auto investment was removed in January.
I decided to check the default level of Spanish loans over the past 12 months using the Peerlan filters, as manual investment is very tedious owing to most loans being cancelled immediately they are filled.
Here are the results as of today:
Jul 66.67%
Aug 50.82%
Sep 49.48%
Oct 50.74%
Nov 42.86%
Dec 42.53%
Jan 40.50%
Feb 25.71%
Mar 19.71%
Apl 6.87%
Loans since April are too new to have defaulted.
As there seem to be about equal numbers of loans for each country the only way to keep the numbers of Spanish loans down is to only invest in the loans with the lowest interest rates and ratings, as a high proportion of Spanish loans are rated HR. That would reduce the average interest rate considerably.
I decided to check the default level of Spanish loans over the past 12 months using the Peerlan filters, as manual investment is very tedious owing to most loans being cancelled immediately they are filled.
Here are the results as of today:
Jul 66.67%
Aug 50.82%
Sep 49.48%
Oct 50.74%
Nov 42.86%
Dec 42.53%
Jan 40.50%
Feb 25.71%
Mar 19.71%
Apl 6.87%
Loans since April are too new to have defaulted.
As there seem to be about equal numbers of loans for each country the only way to keep the numbers of Spanish loans down is to only invest in the loans with the lowest interest rates and ratings, as a high proportion of Spanish loans are rated HR. That would reduce the average interest rate considerably.
