ABS are now more "Moneyball" than "Big Short"

Richard Quin | Bentham Asset Management | 23 August 2018 | 0.25 CE

Asset Backed Securities (ABS) are still feared and arguably misunderstood for their role in the Global Financial Crisis. In fact, global ABS were directly tested and survived the challenges of 2008. Moreover, a combination of legislative, industry and structural changes since the GFC have strengthened the overall investment thesis. Paradoxically, ABS provide wider credit spreads over comparatively rated...