Maxime Perrin, Senior Analyst and Client Portfolio Manager
We believe the case for investing in actively-managed convertible bonds is increasingly compelling in the current environment. There are growing concerns regarding inflation, asset valuations, central bank decisions and the impact of rising trade protectionism. Against this backdrop, risk-conscious investment approaches are set to become more attractive to investors. Convertible bonds offer investors an asymmetric risk and return profile as they combine the characteristics of a corporate bond and the option to convert that bond into shares. When times are as uncertain as they are today – both tactically and strategically – we would argue that convertible bonds come into their own.