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Risky and complex US loan wagers are hot

Asian investments in collateralised loan obligations have helped drive a doubling of issuance in 2017
Saturday, May 20, 2017 - 05:50

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A Japan Post Co post office in Tokyo. Japan Post Bank Co, which is part of the Japan Post Holdings postal and financial services group, is said to have made plans to boost exposure to the safest CLO tranches. Korea Post said in March that it had been adding to CLO holdings.

New York

ASIA'S yield-hungry investors have a lot riding on the financial engineers of Wall Street.

Faced with near record-low interest rates at home, money managers in Korea, Japan and China have been piling into complex and increasingly risky structured loan products in America.

sentifi.com

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