Funds cut risk, lift cash holdings (The Australian)

28 February 2020

Firstmac chief financial officer James Austin said the residential mortgage backed securitisation market was showing “very little movement” in issuance prices.

RMBS are based on the performance of the underlying mortgages, so during the global financial crisis it was very much a credit event,” Mr Austin said. “In this case, the RMBS market will all be about how the Australian economy performs.

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