The Latest News:
- After the dip, investors are looking back into convertibles on the cheaper valuations.
- “There is evidence of real longer-term money buyers back in the market looking to pick up relative value on offer,” Eoin Walsh, a portfolio manager at TwentyFour Asset Management, said in the article. “With yields being back to where they were at the start of the year, long-term investors will feel they are being rewarded again for the risk they are taking and, if there are less fast money holders now, they should also be rewarded with a better held marketplace.”
SPDR Barclays Convertible Securities ETF
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.