Abrdn ABS fund moves to new team with fund managers set to exit
Scott Duggal and Janaka Nanayakkara due to depart the firm
Scott Duggal and Janaka Nanayakkara due to depart the firm
Up to 6% yield on ABS is ‘extremely good in today’s world’
Despite record issuance in 2018, CLOs remain tarnished by the financial crisis
TwentyFour Asset Management has reassured investors over its exposure to Italian asset-backed securities (ABS) in spite of the stress facing the country’s beleaguered banking sector.
Schroders has acquired a team of securitised investment specialists from Brookfield Investment Management Inc with $4bn in assets under management.
The ECBs announcement this month of measures to support the Eurozone economy has created fresh interest in ABS but the market has become very small with supply too tight to meet a further uptick in demand.