Executive Summary

This report provides detailed information from U.S.-based investors investing in Commercial Mortgage-Backed Securities, including helpful benchmark data such as:

  • Distribution of trading volume by investor type
  • Factors driving allocation decisions
  • Distribution of trading volume by new issue vs. secondary
  • Concentration of business

Methodology

From February to May 2016, Greenwich Associates conducted in-depth interviews with 1,302 U.S. institutional investors active in fixed income.