Titres adossés à des actifs (ABS)

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.

Les Collateralised Loan Obligations (CLO) peuvent offrir aux investisseurs obligataires une combinaison attractive de prime de rendement, de protection contre les taux variables, de diversification, de protection structurelle contre les baisses et de taux de défaut historiquement bas. Les changements réglementaires européens devant réduire considérablement les exigences de fonds propres applicables aux CLO début 2027, cette classe d’actifs mérite d’être examinée de près.

With the Middle East conflict clouding the outlook for inflation and interest rates, TwentyFour Asset Management’s Doug Charleston explains why asset-backed securities (ABS) could be a valuable diversifier for fixed income investors looking to deal with further volatility.

TwentyFour Asset Management's Aza Teeuwen reflects on a volatile start to 2026, and explains why European ABS continues to provide relative stability over the quarter, particularly in investment grade.

Recent developments involving Federal Reserve (Fed) Chair Jerome Powell have raised fresh questions around central bank independence, the politicisation of monetary policy, and the future of Fed leadership, particularly with his term as Chair due to expire in May 2026.

TwentyFour Asset Management’s Douglas Charleston highlights 2025 as another year in which European ABS delivered solid positive returns over risk-free rates, with lower-than-expected volatility despite ongoing geopolitical uncertainty.

Alors que nous arrivons au terme d’une année où les actifs risqués ont résisté aux droits de douane américains et aux inquiétudes croissantes concernant les valorisations technologiques liées à l’IA, l’équipe de gestion de portefeuille de TwentyFour Asset Management retient sept questions clés qui, selon elle, définiront 2026 pour les investisseurs en obligations.

The European asset-backed securities (ABS) market, once among the most substantial in global fixed income, has remained subdued since the global financial crisis due to a decade of restrictive regulation.

Watch TwentyFour Asset Management's latest European ABS webinar with Rob Ford and Douglas Charleston to gain a deeper understanding of how regulatory reforms are reshaping the European ABS landscape and fuelling investor demand.

In our latest Asset-Backed Securities (ABS) quarterly update, Aza Teeuwen, Partner and Co-Head of ABS, explains how strong CLO issuance, robust investor demand and tightening spreads have driven a standout year for the European ABS market.

Collateralised loan obligations, or CLOs, have become an increasingly popular asset class within global fixed income.

Le marché du financement adossé à des actifs (asset-backed finance ou ABF), qui pèse 5 200 milliards de dollars, offre des opportunités croissantes d’accéder à des pools de prêts de grande qualité et de bénéficier des rendements qu’ils peuvent générer.