Through a new program called the Corporate Bond Fund, First American Funds, a subsidiary of U.S. Bancorp., will begin investing in asset-backed securities.

Though primarily investing in corporate bonds, the fund's asset-backed profile may reach up to 35% without a minimum threshold, said a source at the company.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.