Collateralized debt obligations (CDOs) and collateralized loan
obligations (CLOs) were criticised for playing a key role in
causing the financial crash of 2008. Despite such criticism, the
CLO market has grown year on year, with record issuances during
2020 and 2021. Why have CLOs remained popular and, from the
perspective of an investor, what is the appeal of CLOs?
Collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs) were criticised for playing a key role
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