PHOENIX - New CDO products are expected to grow rapidly in 2002, outpacing the traditional assets backing the instruments, according to Chris Ricciardi, managing director at Credit Suisse First Boston, who spoke at the "New CDO Products" panel at the IMN/Fabozzi ABS West conference.

In addition to ABS and hedge-fund CDOs, which the market has some familiarity with, Ricciardi said to look for deals to emerge backed by trust-preferred shares (TRUPs) issued by small to mid-sized regional banks. He also mentioned the expected growth of managed synthetics backed by a dynamic pool of credit risk products.

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