Meet John

There has been a noticeable pick up in the European ABS new issuance market this year, with demand far outstripping supply. John Lawler looks at what makes a UK RMBS deal ‘Prime’, and why not all deals are the same.

After a relatively quiet period during the closing weeks last year, the primary ABS market has enjoyed a solid start to 2022.

We have a high opinion of Kensington as a mortgage lender and when we score it for ESG as part of our investment analysis it performs very well even without this latest Green initiative, but we do feel it can stretch further.

Portfolio Manager John Lawler looks back at the performance of ABS pre-COVID and discusses the factors that he thinks will drive ABS price performance.

In the ABS market we often refer to the technical around supply and demand which can influence the direction of spreads as a consequence.