The London Credit Fund continues to record a steady upward trend. In the first quarter of 2023,  London Credit Fund achieved a dividend of £14.19 in per unit of its Class A shares, $12.59 per unit for its Class C shares and €10.13 per unit for its Class E shares.

The Fund once again exceeded its annual performance target in all currencies, achieving the following results during Q1 2023: 

  1. 6.14% annual return for unitholders in sterling, exceeding the annual target of 5%
  2. 4.24% annual return for unitholders in euro, exceeding the annual target of 4% and
  3. 6.03% annual return for dollar unitholders, exceeding the annual target of 5%

It is noteworthy that for more than a year, the monthly return of the Fund exceeds 4%. As a result, it is expected that yields on all currencies will continue to exceed the predetermined target in the coming months of 2023.

The assets under management amounted to more than €35 million in the first quarter of the year, while the Fund’s Investor Categories during March 2023 were as follows:

  1. 56% High Net Worth Individuals
  2. 18% Companies
  3. 19% Provident / Pension Funds
  4. 7% Banks and Insurance Companies

The London Credit Fund was established by Consulco in 2021 and is regulated by the Cyprus Securities and Exchange Commission. It is an open-ended, alternative investment fund, which invests in short-term investment loans in the UK, secured by higher value commercial and residential properties mainly located in London. These properties are considered internationally top investment with great demand over time.

The fund is managed by KPMG Cyprus, with Eurobank acting as custodian, while the loans are managed by London Credit, based in the UK with 12 years of experience and more than GBP 198 million in loans approved and collected.

Consulco CEO, Mr. Marios Hadjirousos, highlighted that “at a time when investors are looking for a safe haven for their deposits, the London Credit Fund is recognized as an investment that guarantees a stable income and low risk”. As Mr. Hadjirousos pointed out, “the London Credit Fund enables investors to have high and stable returns of 4%+ in the euro and 5%+ in sterling and the dollar, over a short-term horizon of 12 months and with the protection of investment capital with higher value properties in London.”