Convertible bonds : a well-rewarded risk

Review, short-term outlook and long-term perspectives · 6 March 2023

The year 2022 was a rough one for the main asset classes fixed-income and equity. Convertibles have not been able to escape the pressure. However, with a longer time horizon, over the last 20 years, an allocation to convertibles has shown a risk-adjusted performance equivalent or even better than the one generated by the main asset classes: equity and bonds.

Convertible bonds : a well rewarded risk