New Zealand investors, who have poured hundreds of millions of dollars into CDO-backed funds recently, are being warned that these new fangled fixed interest investments are quite different to more traditional income assets.
Wednesday, October 1st 2003, 3:37AM
by The Landlord
Australian-based Russell Investment Group portfolio manager Andrew Sneddon says collateralised debt offerings (CDOs) are quite new and people aren't sure how they will go over the long term.
One of the well-promoted benefits of CDOs is that they invest in a wide range of securities therefore there is safety in diversification.
