There is still value in “higher quality” auto loan securitizations for investors looking into 2016, Jeff Klingelhofer, portfolio manager and managing director at Thornburg Investment Management, told CNBC‘s “Power Lunch” yesterday.
There is a bit more safety in the auto securitization market, thanks to the fairly distinct separation between subprime and prime offerings, Klingelhofer explained in response to perhaps 2015’s most popular question in auto finance: is there is a subprime bubble in auto waiting to pop?
Check out Klingelhofer’s full response in the video below.
