Fixed Income: Convertible Bonds
Fixed Income Convertible Bond funds are primarily long only convertible bonds. Convertible bonds have both fixed income and equity characteristics. If the underlying common stock appreciate, the convertible bond's value should rise to reflect this increased value. Downside protection is offered because if the underlying common stock declines, the convertible bond's value can decline only to the point where it behaves like a straight bond.
- Fixed Income Diversified definition
- High Water Mark definition
- Compound Annual Return definition
- Lock up definition
- Average Recovery Time ART definition