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Axel Botte

Fixed Income Strategist

The evolution of European ABS markets

10.04.2015 - Axel Botte

Find the first issue in 2015 of Ideas Fixed Income series about  the implementation of the ECB’s ABS programme and its effects on securitization markets in Europe. Recent changes in the regulatory backdrop have the potential to raise investor demand for this asset class which opportunities at present.

 

Highlights:

 

- The ECB purchase programme launched in 2014 contributes to restoring the bank credit cannel in the euro area.
- The scarcity effect sought by the ECB exerts downward pressure on spreads which is favourable to a pickup in securitisation.
- The regulatory changes now impose new standards tin terms of availability of information, transparency and alignment of interests between originators and investors.
- Diversity of underlying loans is an advantage for the asset class.

 

Read further in Ideas Fixed Income April 2015

He began his career in 2000 at AXA Investment Managers as equity strategist producing both geographical and regional equity allocation recommendations.

In 2007, he was named Head of the Fixed Income research within the Investment Strategy department managing 2 fixed income strategists.
He joined Natixis Asset Management in October 2010 as Fixed Income Strategist. He provides top-down analysis of fixed income markets in close relationship with fund management teams. The research covers interest rates, developed market government bonds, sovereign debt allocation, global inflation-linked, credit and structured credit.

Axel Botte is a graduate of the University of Cergy-Pontoise. He holds a Advanced Studies Diploma (DEA) in Analysis of Financial and Industrial Strategies.