RT Journal Article
SR Electronic
T1 Managing a Portfolio of Collateralized Debt Obligations
JF The Journal of Investing
FD Institutional Investor Journals
SP 22
OP 30
DO 10.3905/joi.2003.319564
VO 12
IS 4
A1 Laurie S. Goodman
A1 Frank J. Fabozzi
YR 2003
UL https://pm-research.com/content/12/4/22.abstract
AB A collateralized debt obligation (CDO) is a security backed by a diversified pool of one or more classes of debt. The asset classes that have been used as collateral for a CDO include U.S. domestic investment-grade and high-yield corporate bonds, U.S. domestic bank loans, emerging market bonds, special situation loans and distressed debt, foreign bank loans, asset-backed securities, real-estate investment trusts, residential mortgage-backed securities, and commercial mortgage-backed securities. In this article we set forth investment principles for managing a portfolio of CDOs.