Access key fund documentation and performance reports.
Our global convertible bond funds are sub-investment managed by Westwood Management Corp.
We believe that the active management of convertibles is best achieved by a dedicated, specialist team that has the experience to exploit the many inefficiencies that are inherent in the market. The team adopts both a top-down and fundamentally driven, bottom-up approach with the flexibility to invest across a global opportunity set to help capture these inefficiencies and pricing anomalies.
As a liquid alternative, our convertibles-based strategies can have numerous advantages when included in a balanced portfolio.
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency exchange rates. Investors may not get back the original amount invested.
Global convertibles strategies
Global convertibles in focus
Convertibles: looking beyond the supply and demand imbalance
Last year the supply of new convertible debt climbed to levels not seen in a decade or more. In the US and Asia, US$84 billion came to the market, which more than outweighed softer levels in Europe.
Tesla: ‘Converting’ disruption into profit
Electric car group Tesla attracts a diversity of opinions. There are equal numbers of buys and sells among analysts. Price targets from US$200 to US$550. The convertible bond structure lends itself to this style of company, where there is broad range of potential outcomes and thus more volatility.
The rationale for convertible bonds late in equity-market cycles
Although convertibles have tended to outperform equities over longer time frames, the rationale for investing in them is especially compelling during the latter stages of market cycles.
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