Esoteric ABS set to clear political and policy hurdles in 2017

Esoteric ABS was a focus for investors hunting for yield in 2016. The market for these assets blossomed, as issuers were lured by attractive relative value in comparison to other sources of financing. But rising interest rates, the potential for trade wars under a new US president and fits of capital markets volatility top the list of concerns for market players this year. Max Adams reports.