2021 SSI Convertible Mid-Year Review and Outlook

The Convertible Market generated positive returns and outpaced major fixed income asset classes in the first half of 2021. As represented by the ICE BofA ML All US Convertible Index (VXA0), the asset class returned 6.90%. This was primarily driven by strong performance of the underlying equities at 12.45%. Convertibles benefited from strong returns in cyclical market segments, while balanced Convertibles outperformed equity like Convertibles and yield alternatives.

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Company Insights

Recent Updates

Insurance Companies and Convertible Bonds: How SSI’s IG Strategy Fits in an Asset Allocation Framework

SSI Principal and Portfolio Manager, Ravi Malik, CFA, discusses the role Convertible bonds play in

SSI’s Investment Grade Strategy Current Opportunity Set Considerations

SSI portfolio manager, Stephen Wachtel, CFA, examines the current opportunity set within the Convertible bond

Company Resources

¹The yearly awards, presented by Envestnet | PMC and Investment Advisor recognize active managers who have beaten their benchmarks, shown solid performance in general over time and are the best in their respective asset class. Eligibility requires the portfolio manager have $200 million in assets and three years of experience. Additionally, the managers also need to be open to new investment on the Envestnet platform. Award finalists were chosen using Envestnet | PMC’s proprietary, systematic, and multi-factor methodology for evaluating managers, which takes a variety of qualitative and quantitative criteria into consideration, such as investment process and style, performance, firm profile, customer service, and tax efficiency. SSI Investment Management did not pay to participate.

Past performance is not necessarily indicative of future results.