预览加载中，请您耐心等待几秒...

近年全球ABS供需分析及预测.docx

预览
1/3
2/3
3/3

在线预览结束，喜欢就下载吧，查找使用更方便

下载提示 文本预览

如果您无法下载资料，请参考说明：

1、部分资料下载需要金币，请确保您的账户上有足够的金币

2、已购买过的文档，再次下载不重复扣费

3、资料包下载后请先用软件解压，在使用对应软件打开

近年全球ABS供需分析及预测 Title:GlobalABSSupplyandDemandAnalysisandForecast Introduction: TheglobalAsset-BackedSecurities(ABS)markethaswitnessedsignificantgrowthinrecentyears.ABSarefinancialinstrumentsthatarebackedbyunderlyingassetssuchasloans,mortgages,orreceivables.Theyhavebecomeanimportantsourceoffinancingforvarioussectorsincludingrealestate,automotive,consumerloans,andcreditcards.ThispaperaimstoanalyzethesupplyanddemanddynamicsoftheglobalABSmarketandprovideaforecastforthecomingyears. SupplyAnalysis: 1.GrowthinABSIssuance:Overthepastdecade,theglobalABSmarkethaswitnessedasteadyincreaseinissuance.Thiscanbeattributedtofavorablemarketconditions,increasedinvestordemandforstructuredfinanceproducts,andregulatorychangespromotingsecuritization.TheissuanceofABShasbeenseenacrossvarioussectorssuchasresidentialmortgage-backedsecurities(RMBS),commercialmortgage-backedsecurities(CMBS),andcollateralizedloanobligations(CLOs). 2.GeographicDistribution:ThesupplyofABSisnotevenlydistributedacrosscountries.TheUnitedStatesandEuropehavetraditionallybeenthelargestmarketsforABSissuance.However,emergingeconomiesinAsia,suchasChinaandIndia,havealsowitnessedsubstantialgrowthinABSissuance,drivenbytheneedforinfrastructurefinancingandconsumercreditexpansion. 3.AssetTypes:ThesupplyofABSisdiversifiedacrossdifferentassetclasses.Mortgage-backedsecurities,whicharebackedbyresidentialorcommercialmortgages,havehistoricallybeenthedominantassettype.However,therehasbeenashifttowardsotherassetclassessuchasautoloans,studentloans,andcreditcardreceivables,reflectingthechangingnatureoftheglobalsecuritizationmarket. DemandAnalysis: 1.InvestorAppetite:ABShavebecomepopularamonginstitutionalinvestors,includingpensionfunds,insurancecompanies,andassetmanagers.TheseinvestorsareattractedtoABSduetotheirpotentialforhigheryieldscomparedtotraditionalfixed-incomeinvestments.ThedemandforABShasbeenfurtherfueledbythesearchforalternativeinvestmentsinlow-interest-rateenvironments. 2.RiskandReturns:ThedemandforABSiscloselylinkedtoinvestors'