25 years of backing boosts mortgage-backed market by £2.5 trillion

The Debate

This week's Conjecture panel asks whether there is scope for the asset class to make major inroads into the UK market

Primarily a US phenomenon, the mortgage-backed securities market has increased from about $100bn in 1980 to over $2.5tr today. This week's Conjecture debate covers the history and background of the asset class and asks whether there is scope for a similar asset class to make major inroads into the UK. Present at the debate were Andrew Feltus, portfolio manager of Pioneer's Global High Yield and Strategic Income funds, and Calvin Norris, director of mortgage-backed securities at Aegon USA. Could you give us some background on the US mortgage-backed securities market and how it has dev...