Equity and fixed-income markets are off to one of their worst starts in history, as investors grapple with inflation running at 40-year highs, and seemingly accelerating monthly.
Equity Market Exposure, Pursuing Principal Protection
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, barring default, and the relative safety of bonds. Convertible bonds may outperform equities over complete bull and bear market cycles and may do so with less volatility than a typical stock portfolio.