Securitisation
Pierre-Emmanuel Juillard
The head of structured finance at Axa Investment Managers in Paris explains his investment philosophy to Hardeep Dhillon
Abstract assets
Securitisation based on new, previously unexploited assets, is a growth industry, expected to double in size by the end of 2006. Sarfraz Thind reports on how issuers are getting smarter at applying existing tools to new areas
Street Cred - Judgement day
Our new US column, StreetCred, suggests there may soon be a day of reckoning for the structured credit market
Fitch positive on Asia-Pacific CDO issuances
Fitch Ratings expects issuances of collateralised debt obligations (CDOs) to increase this year in Asia-Pacific, including China, the rating agency said in its latest CDO quarterly report released in May.
European securitisation up 40% this year
European securitisation was up 40% in the first quarter of 2006, with mortgage-backed securities the largest sector of the market.
Catalysing liquidity
Profile
Indices and index-based products
9. Indices
Tranching: CDOs in slices
2. Tranching
Loan derivatives: laying down the law
Leveraged loans
Broadening the CDO investor base
11. Investor base
Balance sheet and arbitrage CDOs
4. Balance sheet/arbitrage
Emerging market CDOs
10. EM CDOs
Introducing CDOs of asset-backed securities
7. CDOs of ABS
Structured credit blossoms in Q1
Collateralised loan obligation volumes are up by 120% year-on-year
The onward march of the CDO market
1. Introduction
The rise and fall of the CDO-squared
6. CDOs-squared
CDO equity returns
Talking point