PT  - JOURNAL ARTICLE
AU  - Laurie S. Goodman
AU  - Frank J. Fabozzi
TI  - Managing a Portfolio of Collateralized Debt Obligations
AID  - 10.3905/joi.2003.319564
DP  - 2003 Nov 30
TA  - The Journal of Investing
PG  - 22--30
VI  - 12
IP  - 4
4099  - https://pm-research.com/content/12/4/22.short
4100  - https://pm-research.com/content/12/4/22.full
AB  - A collateralized debt obligation (CDO) is a security backed by a diversified pool of one or more classes of debt. The asset classes that have been used as collateral for a CDO include U.S. domestic investment-grade and high-yield corporate bonds, U.S. domestic bank loans, emerging market bonds, special situation loans and distressed debt, foreign bank loans, asset-backed securities, real-estate investment trusts, residential mortgage-backed securities, and commercial mortgage-backed securities. In this article we set forth investment principles for managing a portfolio of CDOs.