Convertible bonds: The most attractive entry point since summer 2013?

Managers discuss their positions

Four specialists explain why they believe convertible bonds have a part to play in clients' portfolios and how they are positioned for 2016 and beyond.

Renaud Martin, head of convertible bonds, Mirabaud Asset Management What are the benefits of investing in convertibles? Whatever market conditions, over the last 15 years convertible bonds have tended to participate in two-thirds of the equity upside, and only one-third of the downside with very low volatility (7% on average compared to equities of 16%) over a three-year rolling period. Three fund managers on negotiating a challenging environment for fixed income Convertible bond performances are driven firstly by underlying equities (65%), secondly by rates/credit (20%) and, third...