Securitized Products: The Evolution of an Asset Class

Securitized products, sometimes referred to as structured products or, more generically, asset-backed securities, has—more recently—experienced dramatic growth in market size. And while the sector is approaching nearly $4 trillion, the securitized assets market and investor appetite continues to expand. In this episode of All the Credit®, we’ll explore the evolution of the fixed income securitized marketplace and make our case as to why we believe securitized products offer a compelling source of value. Host and PGIM Fixed Income Senior Portfolio Manager, Mike Collins, sits down with Gabriel Rivera and Edwin Wilches, Co-Heads of Securitized Products at PGIM Fixed Income, to discuss the ins and outs of this complex asset class, what opportunities we like (and those we don’t), and our current positioning. Our panel closes their discussion with a look at the ESG footprint in the securitized products market, and the investor implications for the LIBOR to SOFR transition.

Recorded on February 4, 2022.