Wednesday, September 14, 2005

Nomura Announces Investment Trust in Yen-based ABS

Nomura Asset Management announced a new investment trust trading in yen-denominated ABS (asset-backed securities) based on a wide variety of assets, including mortgages, auto loans and lending with real estate collateral.

Compared with corporate and other bonds, ABS credit ratings have little volatility, and the returns are higher than those of bonds of equal grade.

Full Story - Nikkei: Nomura Asset Sets Up Investment Trust Specialized In ABS

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