British/Green Account

Have a look at the seperate threads for these accounts.

The problem is that there is little to no availability in any of the loans that are constituent parts of these funds so there is nothing for any new funds to invest in. This is compounded by the lack of new loans generally and those that do appear are currently bought up by the MLIA funds so hardly anything is making it into the GBBA. Plus GBBA has diversification rules so cant just put funds into one loan it needs availability in five to allow new money to enter and without anything to stir the exist pot & create availability by redistributing current holdings thats not happening

GEIA is potentially even worse as there is one new loan coming at some point and existing loans are undergoing scheduled capital reductions further reducing the amount available to the fund to invest in. That said new money coming in has an advantage as existing holdings of all loans potentially have to be sold with capital repayments in order to meet the diversification rules, so there is a short term window. Expect that is why you were more successful getting funds in.

Cant see anything happening with these accounts until last week of Oct at the earliest when in theory new loans should be launching ( just lost 3 today though)

Sorry about typeing miserable old crab forced hand into hydraulic lobster pot winch 2 days ago, may rename self to 9 finger jack.anyway geia /gbba does not still redistribate holdings between members as much promised new program still not implemented.cris said in previous post 20 percent rule disabled during sales which in my case means as when i have sold holdings those selected were in wt in which i was light in .means now i think 90 percent of the fund is in 4 sites.this is totally not what the proposition statement says the program will achieve if something goes wrong and a complaint was made to the regulator i wonder.ah we ll bugger beeinr off for more of the real stuff, morphine

And yet within the past couple of days I received an AC email touting for investment into these very funds.  Luckily I'm in the know and not the target audience anyway, but what's that all about?  I have wondered many times why these funds weren't all launched after the deluge of loans we keep hearing about actually arrives rather than pre-empting it, but compounding the problems by advertising them seems a bit daft.  But what do I know?

I won't say anything about the GBBA, because I'm not sure which loans are eligible for that and which aren't, but I'd dispute the above with respect to the GEIA.  I have been having a steady flow of purchases in my MLIA of loans that are GEIA-eligible.  This evening (Thursday), for instance, between 2033 and 2054 I picked up parts of three different WTs plus the digester.  And they weren't £1 shrapnel either.  The smallest was £2.52, and the other three parts were £10.16, £11.64, and £15.83.  This suggests to me that either very few MLIAs were buying, or the quantities being sold were fairly large.  Either way, the GEIA should have picked up some of those sales.  I know that chris has indicated that most of sales go to MLIAs, but some does go to the 'managed' accounts, so I would have expected to see some purchases in my GEIA but,alas, there were none.  So some of my GEIA is currently uninvested.  It has had cash building up in it since 7/Sep -- though admittedly only a small amount because my GEIA experiment was a small one -- and in over a month there have been no purchases at all. 

The good news is that my funds have been sitting idle for so long that half of them have reached the front of the QAA queue and now are earning 3.75%.