AllNews - Convertible bonds: A PERFORMANCE WHERE YOU LEAST EXPECT IT
On Friday 29th of October, AllNews published an article written by Nicolas SCHRAMECK, Head of Convertibles & Credit at Ellipsis AM, zooming on the main contributors to convertible bond performance.
"Who would have thought, at the start of the year, that the best contributor to performance after more than ten months would be a sector as poorly represented as utilities?"
Extract:
"Since the end of August, global convertible bonds have performed remarkably well in absolute and relative terms. The Refinitiv Global Focus Hedged EUR index rose by 3.74%, outperforming the MSCI World Hedged EUR (2.64%) and the Bloomberg Global High Yield Hedged EUR (1.36%)."
Disclaimer: The information relating to the instruments or issuers mentioned in this article is for illustrative purposes only and does not constitute a buy or sell investment recommendation. At the time of publication of this article, the portfolios managed by Ellipsis AM may or may not be exposed to the issuers mentioned and the issuers may no longer be present in the portfolio at a later date. Future management decisions are not constrained by the statements and analyses reported and may even go in the opposite direction.