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Synthetic CDOs to gain pace

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Synthetic securitisation in Asia could gain momentum in 2003, as investors are becoming more familiar with the product and fund managers are eager to manage the underlying assets to boost fee income, analysts say.

Issuance of synthetic collateralised debt obligations (CDOs) this year should at least maintain the same pace it reached in 2002, which saw Moody’s Investors Service rate four US dollar-

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