Securitized Credit Q3 2024 Outlook
PGIM Fixed Income’s Securitized Credit Outlook provided by Gabe Rivera, Co-Head of Securitized Products.
The underlying principles of securitized products are quite simple, and offer investors diversification relative to other fixed income sectors.
PGIM Fixed Income’s Securitized Credit Outlook provided by Gabe Rivera, Co-Head of Securitized Products.
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* Gross assets under management includes the reinvestment of securities lending proceeds. Assets are based on company estimates, holdings are subject to change (rounded). Values may not sum due to rounding.
** ABS includes auto lease, auto loans, sub-prime auto, credit cards, and ‘other’. ‘Other’ includes consumer related (student loans, RV, timeshare, wireless, unsecured consumer loans), commercial related (equipment, flees, floor plan, small business, SBA), corporate (rental car and railcars), structured settlement and International ABS.
Source: PGIM Fixed Income. Assets as of March 31, 2024. Staffing as of March 31, 2024.