Post by mrclondon on Aug 19, 2017 12:35:09 GMT
The FC Investment Trust has been mentioned - one thing to bear in mind is this has exposure to FC's overseas operations (esp. USA) so you need to be comfortable with having exposure to non-UK SME's who may have a different average failure rate to those in the UK.
I started running down my zopa book the day RS launched (the tax advantages of the provisiosn fund at that time made it a no brainer) and so I'm completly out now, but have now just a handful of loans approaching the 5 year maturity left in RS. I started running down FC at the end of 2013, and my current XIRR for the loans written in 2010-13 is 7.1% pa. I tried to manually select loans but had more or less concluded it wasn't time effective at the point I stopped all new investments in FC for personal reasons. I just have a few 4 and 5 year loans remaining.
My Funding Knight account (in run down because platform is mothballed) is showing a similiar 7.2% XIRR for similar loans to FC; I participated in almost all loans there apart from the lowest 2 shield credit grade as I felt FK were doing better DD themselves compared to FC.
As others have said, the GBBA account at AC with 7% headline yield (slightly lower in practise due to cash drag) with the benefit of a provision fund is well worth consideration as a no hassle investment.
I started running down my zopa book the day RS launched (the tax advantages of the provisiosn fund at that time made it a no brainer) and so I'm completly out now, but have now just a handful of loans approaching the 5 year maturity left in RS. I started running down FC at the end of 2013, and my current XIRR for the loans written in 2010-13 is 7.1% pa. I tried to manually select loans but had more or less concluded it wasn't time effective at the point I stopped all new investments in FC for personal reasons. I just have a few 4 and 5 year loans remaining.
My Funding Knight account (in run down because platform is mothballed) is showing a similiar 7.2% XIRR for similar loans to FC; I participated in almost all loans there apart from the lowest 2 shield credit grade as I felt FK were doing better DD themselves compared to FC.
As others have said, the GBBA account at AC with 7% headline yield (slightly lower in practise due to cash drag) with the benefit of a provision fund is well worth consideration as a no hassle investment.
