Why Long-Only Convertible Strategies
- Core bond replacement/complement or portfolio diversifier
- Upside asymmetric return profile provides more upside potential than traditional fixed income
- Issuer diversification benefit with access to non-traditional bond company credits
- Bonds are similar in seniority to any corporate bond, with the same protections
- Correlation benefits within broader asset allocation
- Potential income generation with short- to mid-duration profile
