Wells Fargo’s ECM launches ‘unique’ loan-bond fund

Wells Fargo-owned ECM Asset Management is attempting to overcome the inconsistency of deal flow in leveraged loans and high yield bonds by combining both products into one fund.

  • 07 Sep 2012

ECM has responded to reverse enquiry from investors by launching a senior secured fund with a target of €500m to buy sub-investment grade loans and bonds.

"We are trying to accommodate the reverse enquiry to today’s market where in some weeks primary issuance is dominated by loans, and in ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.52%
2 Bank of America Merrill Lynch 66,433.81 187 9.42%
3 Wells Fargo Securities 57,637.40 170 8.17%
4 JPMorgan 53,570.42 158 7.59%
5 Credit Suisse 45,349.30 117 6.43%