Statement 2: Compared with investment in corporate bonds, CDOs do not offer unique exposure to a sector or market factor.
Statement 2是直接投Corporate bonds和投CDOs相比较的,直接投资于公司债是可以获得特定行业的风险的,或是市场风险的;
而CDOs因为依据资产池发行的债券,比如资产池包括多个行业的公司债,这时候投资CDOs很难获得某个特定行业的Exposure.