Digitally brokered consumer loans from Europe provide institutional and retail investors with an innovative fixed income segment with a stable interest rate trend. An active asset management approach also ensures a high-quality and diversified portfolio that minimizes investment risk.
Claus Tumbrägel, Management Board & Managing Partner
A unique vehicle providing access to European consumer loans
- Launched in 2021, the nordIX European Consumer Credit Fund (ECCF) invests in consumer loans across multiple European online lending marketplaces, bypassing the traditional banking sector.
- nordIX's ECCF provides financing to lending marketplaces that experience strong borrower demand.
- The aim of the fund is to manage a highly granular portfolio, diversified by country and originator. It currently partners with 12 lenders in 9 countries.
- We are actively seeking to add new partners in European countries where the fund does not currently operate, including the United Kingdom, France, Spain, and Poland.
European consumer credit offers higher interest rates than traditional fixed-income products and has little correlation with public markets, making it an attractive diversifier.
Fund profile
One-of-a-kind European diversified consumer credit fund
- Pure consumer credit exposure, FX risk hedged
- Fund volume: EUR 105.6 million
- Number of consumer loans: ~ 75,000
- Number of countries: 12
- Number of platforms through which investments are made: 14
- Diversification of the portfolio by country
- Weighted average life 1.5
- Default rate: less than 2%
Low correlation with public markets
Fund setup
Distribution of loans at portfolio level
Current Portfolio
We have current consumer loans in the following countries:
Consumer credit investments in the pipeline for the following countries:
Factsheets and other documents
Factsheet share class C (DE000A2P37M1) Factsheet share class V (DE000A3CQVV6)
Prospectus KIDforPRIIP (share class C) KIDforPRIIP (share class V)
(currently available only in German)
