From fried food to gym fees, it's all securitized now

Bankers are repackaging everything from fast food franchises to fitness-center fees into bonds at the fastest clip since the global financial crisis as investors chase yield and inflation protection.
Bankers are repackaging everything from fast food franchises to fitness-center fees into bonds at the fastest clip since the global financial crisis as investors chase yield and inflation protection. | Photo: Jonathan Bjerg Møller
Bankers are repackaging everything from fast food franchises to fitness-center fees into bonds at the fastest clip since the global financial crisis as investors chase yield and inflation protection. | Photo: Jonathan Bjerg Møller
By Adam Tempkin / Bloomberg

This year's sales of US asset-backed securities (ABS) have already surpassed USD 300bn, according to data compiled by Bloomberg ­ and more is expected by year-end.

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