Issuance of asset-backed securities (ABS) has risen in response to demand for reassurance on credit ...
Issuance of asset-backed securities (ABS) has risen in response to demand for reassurance on credit safety and the difficulty for companies in raising equity. The complex nature of the securities means considerable research is required before investors can confidently buy into some of the issuance, and accordingly fund managers say they are building up their credit analysis resources. Credit Suisse director of UK fixed income Kevin Adams says while ABS are treated as part of the corporate bond investment class, their call on specific assets gives extra security to investors. 'These ar...
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