22nd Apr 2016 06:38
LONDON (Alliance News) - P2P Global Investments PLC on Friday said its net asset value grew in 2015 and said it was now in a position to deploy over GBP100.0 million per month on investments.
The fund, which invests in credit assets originated by peer-to-peer lending platforms, said its net asset value per share grew to 1,013.27 pence at the end of December, up from 1,001.75p a year earlier. Its total net asset value return per share was 6.6%.
The company said it invested, directly and indirectly, in more than GBP1.0 billion in loans in 2015. P2P said its monthly deployment increased month-on-month over the course of the year and the group is now in the position to comfortably deploy GBP100.0 million a month.
Over the year, however, P2P noted its share price declined 15% following a challenging year for equity and debt markets, driven by geopolitical tensions, a slowdown in emerging markets, a devalued Chinese yuan and commodity price falls.
By Sam Unsted; [email protected]; @SamUAtAlliance
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