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Mike Barry

Fixed Income Portfolio Manager

Nate Levy

Fixed Income Portfolio Manager

Diana Dengo, CFA

Portfolio Specialist

Publication date: Apr 2017

Why convertible bonds? Why now?

Opportunities and risks | Appears in: Fixed income, Outcomes-focused fixed income investing, Return solutions

Convertible bonds offer a compelling structural risk/reward profile, combining bond-like downside protection with equity-like upside potential. Tactically, convertibles have limited sensitivity to rising interest rates and historically strong performance when the credit cycle is on the upswing and spreads are tight.