INSIGHTS

Convertible Bonds: Strategic Asset Allocation Guide

Michael Miller CFIP, President, CIO
Dennis Scarpa CFA, Senior Analyst

Convertible bonds as an asset class are experiencing a resurgence in popularity as companies seek new sources of financing during COVID-19. Combining both stock and bond features, convertible bonds provide investors with many attractive features including: return of capital (barring default), current income, and the potential for upside appreciation.

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Sweet Spot Investing with Convertible Bonds

Jim Buckham CFA, Portfolio Manager

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.

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Convertible Bonds: The Advantages of Synthetics

Greg Miller CPA, Founder, Chairman and CEO
Michael Miller CFIP, President, CIO
Jim Buckham CFA, Portfolio Manager
Dennis Scarpa CFA, Senior Analyst

One type of convertible bond that you may be unaware of is called a synthetic convertible bond (“synthetic”). Synthetics offer a different take on this hybrid product by potentially adding more protection and differentiation to the asset class.

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Chasing Dividends Instead of Buying Bonds

Michael Miller CFIP, President, CIO
Dennis Scarpa CFA, Senior Analyst

One of the biggest challenges facing retirees is trying to find the “right” amount of money to receive on a monthly basis.

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WAM 1st Quarter Commentary

Greg Miller CPA, CEO & Portfolio Manager
Michael Miller CFIP, President, CIO
Jim Buckham CFA, Portfolio Manager

The outbreak of the global COVID-19 pandemic resulted in historic economic and market volatility in the first
quarter of 2020.

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The Convertible Investor – Spring 2020

Greg Miller CPA, Publisher and Michael Miller CFIP, Editor

An Informative Guide for Investors Who Seek Growth and Preservation of Wealth. The Markets and Convertible Bonds: A Plan to Stay the Course.

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Why Convertible Bonds

Michael Miller CFIP, President and Chief Investment Officer
Dennis Scarpa CFA, Senior Analyst

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.

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Bull, Bear and Upside-Down Markets

By Jim Buckham CFA, Portfolio Manager

An informative historical review of bull and bear markets leading up to the present state of our global economy

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WAM October 2019 Advisor Commentary

Greg Miller CPA, CEO & Portfolio Manager
Michael Miller CFIP, President, CIO
Jim Buckham CFA, Portfolio Manager

Stock and bond market commentary from the Portfolio Managers of the Wellesley convertible bond strategy

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Convertible Bonds as an “Equity Replacement Strategy”

Greg Miller CPA, CEO & Portfolio Manager
Darlene Murphy CPA, CFP®, Portfolio Manager
Michael Miller CFIP, President, CIO
Jim Buckham CFA, Portfolio Manager

This piece discusses how implementing a convertible bond strategy as an “equity replacement” can allow investors to stay long the market while potentially enhancing downside protection.

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Not All Bonds Are Created Equal

Greg Miller CPA, CEO & Portfolio Manager
Darlene Murphy CPA, CFP®, Portfolio Manager
Michael Miller CFIP, President, CIO
Jim Buckham CFA, Portfolio Manager

Explore how convertible bonds may mitigate interest rate risk in a fixed income portfolio during rising rate environments

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Lessons from “the Lost Decade”

Greg Miller, CPA, CEO & Portfolio Manager
Darlene Murphy CPA, CFP®, Portfolio Manager
Michael Miller, Chief Investment Officer
Jim Buckham, CFA, Portfolio Manager

This piece looks back at the two stock market downturns from 2000-2009 and how investing in convertible bonds could have produced meaningful returns over that same time period.

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“Alternative” Investments for Retail Clients

Greg Miller, CPA, CEO & Portfolio Manager
Darlene Murphy CPA, CFP®, Portfolio Manager
Michael Miller, Chief Investment Officer
Jim Buckham, CFA, Portfolio Manager

Learn how investors can utilize convertible bonds in a diversified portfolio to achieve the same outcomes that traditional alternative investments have historically provided.

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