ABS attract diverse investors

Aside from the product itself, you need three things to make a securities market work - issuers, investors and liquidity. So far, as its recent growth demonstrates, the European asset-backed market has had all these in abundant supply.

Issuance this year is expected to exceed or at least total $100bn (&euro111bn), yet ABS syndicate teams insist they are unconcerned by a potential imbalance between the increased supply and the availability of investor funds. If anything, they say, it is far more likely that investor appetite for asset-backed instruments will actually exceed the levels of supply - not altogether a bad problem to have in a relatively immature market.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It