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ONE TO WATCH
The first quarter of 2022 was a tough time for fixed income credit investors with Global Investment Grade Corporates, High Yield and Convertible bonds all delivering negative performance averaging around -6%.
The question now is whether convertible bonds offer better prospects than investment grade or high yield bonds looking forward.
As an asset class, most institutional investors find it difficult to find a slot in their portfolio for these hybrid securities. That may be about to change.
