LFDE: quality of convertible bonds better than ever
The average credit quality and rating of convertible bonds has improved significantly in recent years. Thanks to their convexity, these hybrid instruments, whose universe is highly diversified, are more attractive than ever in any context. They are seen as halfway between investing in bonds and equities.
This is what Emmanuel Martin (pictured), manager of the Echiquier Convexity SRI Europe fund at La Financière de l’Echiquier (LFDE), said in an interview with Investment Officer.