UniCredit and Axiom AI offer first CoCo bond ETF
UC AXI Global CoCo Bonds Ucits ETF provides investors with access to the entire liquid CoCo bond market
Convertible Bonds
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Convertible bond sentiment reaches low
The asset class can give protection but selectors argue that finding the right manager is difficult
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Rate freeze ‘could hit convertible issuance’
Slowing growth and shift in central bank rates policy could have impact on hybrid securities market
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‘Room for growth’ in convertibles sector
Hybrid securities tend to perform well during periods of above-average market volatility, according to Franklin Templeton
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Polar absolute return fund to have convertibles focus
Long/short fund will target 5-8% with limited downside
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Convertible bonds ‘gaining popularity’ in alternatives market
Surge in issuance of hybrid securities provides range of new opportunities, according to NN Investment Partners
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Investors weigh up merits of convertible bonds
Hybrid securities can provide higher yields during tightening cycles and have seen an uptick in demand this year
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China Post Global offers euro-based CoCo ETF
China Post Global has launched a euro-based ETF on a European bank CoCo bond index.
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Bond markets ‘at a turning point’
As interest rate hikes loom and quantitative easing ends investors need to be creative to find value in fixed income according to a bonds market expert.
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Right time for convertibles but fund selectors lukewarm
State Street Global Advisors (SSGA) is focusing part of its fixed income portfolio on global convertible bonds due to expectations of higher interest rates and a stronger equity market over the next 12 months, but fund selectors are only mildly interested in the asset class.
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Investors switch from high-yield to IG credit
US and UK corporate bonds were in great demand among European investors in March while high-yield bond funds saw outflows, according to Morningstar fund flows data.
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Subordinated debt: the inverse of a convertible bond
The planned issue of billions of euros in subordinated bonds by Europe’s major banks was a hotly debated topic at Expert Investor Italy this week in Milan. The majority of investors from bond-prone Italy look favourable at this relatively new asset class, but speakers’ opinions were mixed.