At Mid-Summer, Some Consumer ABS Sectors Are More Attractive Than Others, Barclays Finds
August 17, 2012
Top-tier, highly liquid consumer ABS are still attractive investments in todays market, owing to strong technical factors and solid fundamentals, according to Barclays Capital. Traditional consumer ABS continue to enjoy status as a safe haven asset class, especially in times of broader market volatility, and are an excellent cash surrogate for investors looking to put excess cash to work, wrote research analyst Joseph Astorina, who cited the sectors stable cash flow and ratings profiles, as well as consistent excess returns over swaps and Treasuries. In addition, this sector is...