"I wanted to see if there was anything special about them in terms of their performance, risk characteristics and managers".
He invested 23percentt of the bond stake in collateralized mortgage obligations, mortgage-backed bonds divided into pools with different risk characteristics.
But depending upon their goals, objectives, risk tolerance and so forth, a broader set of stocks tends to balance the risk characteristics.
"The highest risk would apply to those borrowers with additional risk characteristics such as poor payment history, high loan-to-value or interest-only features," Moody's said.
What's the difference between buying a stock and just flat out lending Joe the money?" Mr. Jenkins describes historical rates of return and risk characteristics of stocks, bonds, C.D.'s and real estate.
She argues that detailed assessments of many tens of thousands of families a year based on "risk characteristics" divert thinly stretched budgets away from helping struggling families who don't intend – though may cause – their children harm.
The bank also says the securities in the Access investment were not the same ones that JPMorgan was selling on its own behalf, adding that the two sets of securities had different risk characteristics.
