Fewer Americans chose to drive with the sun on their faces and the wind in their hair the past couple of years, as an uncertain economy and other sporty alternatives curtailed convertible
purchases, a leading provider of auto statistics said Monday.
Investors buying a convertible
want the stock price to move up, but if the price goes nowhere, so will the bond issue.
Whatever the reason, convertible
bond funds are worth considering.
But despite the difficult year for convertibles
in 1994, the interest-rate increases took an even greater toll on straight bonds.
This tutorial outlines how convertibles
are priced and also the factors that influence their prices.
offering was a seven-year deal that could be redeemed after Feb.
The advent of maturing or callable convertible
debt has set the stage for a ratings rebound for fallen angels and other distressed debt issuers, according to a new report released by Fitch Ratings.
Curiously, however, researchers have observed that firms often choose to keep their convertibles
Michael Revy adds: "Joining efforts with Froley, Revy will allow me to combine the quantitative aspect of a convertible
arbitrage strategy with the depth of fundamental research that this firm has developed over the years.
The Froley, Revy Convertible
Bond Index tracks price performance of 50 representative convertible
issues, with coupon interest reinvested to create a long-term, compounded total return.
The new e-mail publication capitalizes on two BridgeNews strengths: convertibles
news coverage and daily newsletters.
Tokyo-Mitsubishi Trust, where he was a convertibles