Asset Backed Securities

AXA Structured Finance ABS Group notably manages Secured Funding Trades (SFT) backed by senior ABS as well as CDO's of ABS, several ABS funds and mandates across the entire ABS/MBS (Mortgage Backed Securities) collateral spectrum both in the US and Europe

 

Asset Class

Asset-Backed Securities (ABS) are financial instruments backed by underlying pools of assets, including residential & commercial mortgage loans, student loans, auto loans and credit card receivables among others. Investors can invest in rated or unrated (equity) tranches of these vehicles and obtain returns depending on the level of risk of the tranche.

Team

The ABS team includes dedicated portfolio management, research, and monitoring professionals with extensive experience in all areas of the asset-backed universe (rating agencies, investment banks, origination). The team has a 15 years of track record focusing on the management of ABS backed by granular portfolios of assets across the entire collateral and rating spectrum, both in the US and Europe. The team's investment style focuses on active management based on the reallocation of the portfolios according to their relative value, following a top-down analysis for the strategic allocation of the model portfolio and a bottom-up analysis for the buy/sell decision. Overall, the aim is to combine both active and defensive management to create value for investors.

Products

The ABS team's products seek to optimize the benefits of ABS through relative value and diversification of the underlying asset pools across the full rating spectrum. Depending on their objectives, investors can select products featuring credit enhancement or leverage. Investors wishing to allocate substantial amounts to ABS or execute Secured Funding Trades backed by senior ABS can consult with the ABS team for setting up dedicated investment mandates.

Team Leader

Gaelle Philippe-Viriot

Gaelle.philippe@axa-im.com
+ 33  44 45 80 79