Convertible bonds are sometimes considered the “Swiss Army knife” of financial products because they can provide investors with principal protection (barring default), income, and equity-like returns.
Unlike traditional convertible bonds, the credit exposure of a synthetic remains with the issuing company, typically a bank. The equity exposure, however, is tied to the underlying company’s stock.
Convertible bonds as an asset class are experiencing a resurgence in popularity as companies seek new sources of financing during COVID-19.
One of the biggest challenges facing retirees is trying to find the “right” amount of money to receive on a monthly basis.
Convertibles are a unique asset class that is often overlooked by many investors. They can offer the best of both worlds, combining desirable features of both stocks and bonds.
Wellesley Asset Management, Inc. is an independent, registered investment advisory firm dedicated to providing expert investment advice. Utilizing convertible bonds, Wellesley offers many different types of investors a non-traditional approach to achieving return while seeking to mitigate risk.
Michael Miller
As President and Chief Investment Officer of Wellesley Asset Management, Inc. and a Portfolio Manager of the firm’s mutual funds, separately managed accounts and private fund.
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Greg Miller
CEO and founder of Wellesley Asset Management in 1991, Greg draws on over thirty-five years of investment and financial experience.
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Convertible bonds may be a suitable investment for absolute return oriented, long-term investors. Wellesley Asset Management offers separate account management for registered investment advisors, sponsored managed account platforms and other institutional investors. Convertibles can offer equity market exposure while seeking principal protection and the relative safety of bonds. Convertible bonds may outperform equities over complete bull and bear market cycles and do so with less volatility than a typical stock portfolio.
Wellesley offers a leveraged convertible bond strategy available through a private placement for accredited investors and qualified clients only.
Wellesley offers three mutual funds that fit a variety of investor risk tolerances with the goal of outperforming equities and fixed income over full market cycles.
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