ING cautions: Beware the pain in Spain over asset-backed securities
ING's Annemieke Coldeweijer has cautioned investors not to be bullish on peripheral European debt, warning the tightening in spreads in the asset-backed securities market could cause pain for investors.
Asset-backed securities have boomed despite being badly hit in the financial crisis, posting double-digit returns in 2012 and 2013. But Coldeweijer, a senior investment manager covering ABS, said the...
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