TY - JOUR T1 - Managing a Portfolio of Collateralized Debt Obligations JF - The Journal of Investing SP - 22 LP - 30 DO - 10.3905/joi.2003.319564 VL - 12 IS - 4 AU - Laurie S. Goodman AU - Frank J. Fabozzi Y1 - 2003/11/30 UR - https://pm-research.com/content/12/4/22.abstract N2 - 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. ER -