Insurers are renewing their interest in collateralised debt obligations (CDOs) and related structured finance securities as they look for yield opportunities amidst a low interest and rating environment.
In particular, the current focus is on collateralised loan obligations (CLOs) as insurers are increasingly drawn to the higher-rated tranches at the top of securitisations on strongly performing underlying books of leveraged and bank loans.
The asset class was tainted by association in the minds of some investors with structured products such...
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