Like some other vehicle categories, convertibles
have grown in number in the past several years.
The co-co's are convertible
into GM stock first at 15 years and then 20, 25 and 30 years.
As far as bond funds go, convertibles
well outlegged the competition, including corporate high-yield, international, even government bond funds.
In many cases, convertibles
declined in value, while their underlying stocks increased.
Valuation of convertibles
reflects this dual nature.
There was an opportunity to raise money and a convertible
is more efficient in terms of time.
Balance Sheet Repairs, Taking the Top Off Convertibles
,' is available on the Fitch Ratings web site at 'www.
s (TPG) issuance of Mandatory Convertible
One intriguing theory is that the rise of convertibles
is being fueled partly by certain tax advantages.
This product addresses the needs many clients have for a market neutral investment strategy and is a natural extension of our existing expertise in convertible
bond investment management.
Index and European 75 Convertible
Index (Morgan Stanley Global Convertible
Indices _ MSGCI).
The Froley, Revy Convertible
Bond Index(R), one of the oldest continuous measurements of U.