Pic© L.Miguel Bugallo Sanchez
JPMorgan's latest international ABS investor survey suggests that the current supply/demand imbalance in European securitisation will persist in 2018. Indeed, sentiment appears somewhat surprisingly bullish, despite the significant spread compression seen throughout 2017 and the investment challenges presented by a combination of stretched valuations and limited scalability.
The JPMorgan ABS Investor Confidence Index - which attempts to quantify survey participants' perception of both current and future ABS market conditions - shows that investors' view of the market has improved.
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