Elephant Club Consumer Debt Fund
Invests primarily in notes issued by Elephant Club Limited (the "Elephant Club"). Elephant Club carries on the business of a money lender and is a licensed money lender in Hong Kong. The Fund aims to generate stable income return above the deposit rate generally offered by banks in Hong Kong.
By investing in the Fund, investors will be indirectly investing in the consumer lending business of Elephant Club through the acquisition of the notes by the Fund.
The Fund provides investors 3 classes of fixed income investments differentiated by tenure (1, 2 and 3 years) and with annual interest rate at 7.00%-8.00% (1 year), 8.00%-9.00% (2 years), 9.00%-10.00% (3 years) is payable monthly to them.