Positive climate for convertible securities
Today’s low corporate default rate combined with attractive credit spreads and equity valuations provide an attractive climate for convertible securities, according to Putnam’s fundamental research.
Tag: Putnam Convertible Securities Fund
Part 2: Hold the middle ground
Dogged by lingering memories of the 2008–2009 bear market, many investors remain cautious about increasing their exposure to equities — even though equities today offer compelling value relative to most fixed-income asset classes. At the same time, many bond investors are finding it necessary to assume greater credit risk to capture higher yields amid a