Esoteric investors fear new era of risk beyond pandemic
Esoteric ABS has come to a standstill, but many market participants are confident that the damage will be manageable in the short term. Investors are more concerned about what will happen after the coronavirus pandemic, which is changing consumer behaviour and reshaping fundamental credit risks in all asset classes.
Most of the US population have been ordered to stay at home, making in-person meetings, roadshows and work trips a thing of the past.Market participants have been forced to rely on cell phones, virtual roadshows and happy hours with colleagues via Zoom. Investors are especially frustrated ...
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