Exotic ABS On The Rise

05 Apr 2011

Investors are turning to more exotic asset-backed securities that are riskier but offer better returns.

Investors are turning to more exotic asset-backed securities that are riskier but offer better returns. ABS backed by student, automobile and credit-card loans have plunged 81% in the past year, according to Citigroup, while so-called “off-the-run” bonds backed by timber harvests, timeshare revenue and cell phone-tower lease and ...

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