Asset-Backed Securities Quarterly Update – July 2025
As the second quarter of 2025 draws to a close, TwentyFour Asset Management’s Elena Rinaldi shares her insights on a period shaped by significant geopolitical and macroeconomic developments.
Key takeaways
- April proved to be particularly turbulent following President Trump’s announcement of new tariffs, which triggered a broad-based global sell-off.
- The European Commission introduced regulatory proposals featuring several positive changes, from lower capital charges on securitisations held by banks to enhancements of the SRT framework.
- Despite ongoing uncertainty around monetary policy, the consistent high income provided by ABS should remain a key driver of outperformance for the asset class.
