Are convertible bonds the investment utopia?

An investment opportunity with unlimited upside potential, but with limited downside risk?

Undoubtedly this is the utopia for most investors, especially in the present economic climate.  Bond and stockmarkets' returns following the global financial crisis have been largely underpinned by record low interest rates and central bank asset-buying via QE programmes. The abundance of capital has increased correlations and diminished the benefits of investment selection.  Aviva Investors hands second convertibles fund to US specialist Westwood But with the Federal Reserve already on a rate hike path and European Central Bank officials planning on decreasing bond purchases fr...