JP Morgan has launched a hybrid collateralised debt obligation (CDO) mixing exposure to foreign exchange with credit default swaps (CDSs) on emerging market sovereigns. The deal will be managed by Danish specialist emerging market manager BankInvest.
The deal, Viking CDO, will reference a portfolio of 15 currency pairs and 15 sovereign CDSs. There will initially be some overlap in the reference entities, with Korean, Russian, South African and Turkish currencies and sovereign CDSs included in
The week on Risk.net, July 7-13, 2018Receive this by email