Emerging market debt does not immediately spring to mind as a suitable asset class for use in collateralised debt obligations (CDOs) – products designed to provide investors with exposure to a wide universe of credits, sectors and other structures. The reason is that emerging market debt is often perceived as a niche asset class whose constituents are highly correlated.
So why is there increasing interest in emerging market CDOs? And why should investors look at such products? Part of the reason
The week on Risk.net, July 7-13, 2018Receive this by email