Convertible bonds currently make up their highest weighting since launch in the JPM Cautious Total R...
Convertible bonds currently make up their highest weighting since launch in the JPM Cautious Total Return portfolio, at 24.1%. Co-manager Talib Sheikh says convertibles now constitute all the top 10 holdings in the portfolio, and he plans to grow these further. These include investments in a range of sectors including financials, communications, consumer cyclicals and energy. He says: "Convertibles offer a great trade-off as you are buying into increased visibility and higher yield at low prices with the added equity options. "Before the Lehman Brothers collapse this market was domi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
