With its growing market presence and attractive characteristics, CRT is an important sub-sector of a broader securitized allocation. We continue to believe that broadly diversified securitized credit strategies warrant a “through-cycle” allocation in portfolios. Tactically adjusting allocations across the full securitized spectrum based on the most attractive opportunities and perceived relative value at any given time creates the potential for consistent outperformance as market conditions change during and through market cycles. CRT, as it continues its evolution and continues to grow, provides investors with a reliable option in this pursuit. Happy 5th Birthday CRT!
Dave Goodson is head of securitized investments at Voya Investment Management.