The Benefits of Synthetic Convertible Bonds
Howard Needle, Portfolio Manager
Convertible bond investors are often frustrated with limited investment choices or options regarding convertible securities especially related to sporadic or narrow convertible issuance, or that the universe of companies and sectors with outstanding convertibles is not larger or more diverse. 30+ years of experience has taught that there are frequently times an investor wants to purchase a convertible bond in a great company only to discover that no convertible exists.