In this episode of Critical Thinking, Amit Popat is joined by Andreas Vermeiren and Huw van Steenis to explore the rapid rise of asset-backed finance (ABF) and its role in modern portfolios. The discussion examines the drivers behind ABF’s recent momentum, as banks retrench and institutional investors, particularly insurers, seek long-duration, stable cash flows. It also highlights the growing role of non-bank capital and the increasing importance of selectivity as the asset class scale...