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TwentyFour Asset Management’s Elena Rinaldi reflects on a quarter in which Asset-Backed Securities (ABS) and Collateralised Loan Obligation (CLOs) markets demonstrated resilience despite heightened geopolitical and market volatility.

Collateralised Loan Obligations (CLOs) können Anleiheninvestoren eine attraktive Kombination aus Renditeaufschlag, Schutz durch variable Verzinsung, Diversifikation, strukturellem Schutz vor Verlusten und historisch niedrigen Ausfallquoten bieten. Da regulatorische Änderungen in Europa die Eigenkapitalanforderungen für CLOs Anfang 2027 deutlich senken dürften, verdient diese Anlageklasse eine eingehende Betrachtung.

As the second quarter of 2025 draws to a close, TwentyFour Asset Management’s Elena Rinaldi shares her insights on a period shaped by significant geopolitical and macroeconomic developments.

Aza Teeuwen (Partner, Co-Head of ABS) and Elena Rinaldi (Portfolio Management) hosted a webinar on Wednesday 9 July 2025, where they shared insights into recent trends in global CLOs.

Elena Rinaldi, Portfolio Management, wraps up the second quarter of 2024 for the Asset-Backed Securities (ABS) team. She notes that while financial markets experienced mixed performance and broader volatility, the ABS market remained relatively resilient and delivered strong performance.

Elena Rinaldi gives an update on the market, highlighting the peak in rates in the quarter, the performance of ABS for the quarter, and delving deeper into the primary issuance activity over the summer months.