Wealth managers have been reducing allocation to equities in favour of convertible bonds as a hedge against volatility, following a strong run higher for equity markets.
Although the VIX index, used to measure equity market volatility, has remained relatively low so far this year, it has risen from the ultra-low level (under 12) seen in December and is now hovering closer...
Designed to park short-term cash
Moving from two existing locations
Expanding European strategy
Countdown to 31 October