This hydrophobic coating expels water molecules from the vicinity of the electrode surface and then, upon charging for the first time, decomposes and forms a
stable interphase — a thin mixture of breakdown
products that separates the solid anode from the
liquid electrolyte.
While MBS funds were at the heart of the subprime crisis, this
product invests in
liquid,
stable bonds that are unlikely to default, pay out solid rates of interest, and provide valuable diversification benefits to a portfolio.