The securitized credit market has evolved, through economic cycles and crises, into a popular fixed income allocation. However, its breadth, relative youth, and perceived complexities can be challenging for new investors, causing them to miss out on the asset class’s opportunities. Here’s what you need to know.

The question we are asking ourselves at this moment (August 4th, in the PM) is this past Friday more indicative of the ‘dog days’ of summer (S&P 500 -160bps, VIX back over 20) or is today (S&P 500 +134bps, VIX safely under 20)?

Securitized credit isn’t complicated. It’s an investment involving predictable consumer behaviors that have fueled economic growth for generations.