Advent Convertible and Income Fund is a fixed income mutual fund focusing on the U.S. market. Managed by Advent Capital Management, LLC, it primarily invests in convertible securities, making up about 60% of its portfolio, with the remainder in lower-grade non-convertible income securities. The fund, which started on April 29, 2003, aims to diversify across various sectors, using fundamental analysis to select its investments.
Convertible securities are hybrid bonds and stocks that have a prearranged conversion factor into common stock, but pay an interest coupon to the holder until conversion is exercised. They have been in…
Back in the 1980’s, Drexel Burnham Lambert pioneered the use of high yielding “junk” bonds for a number of leveraged buyouts, with the RJR Nabisco deal being the most high-profile one at…
According to MSN: “The Chicago Business Barometer, also known as the Chicago PMI, fell to 41.6 in October from 46.6 in the prior month. Economists polled by the Wall Street Journal had…
Contrary to political accusations that retailers are “gouging customers”, the cost of goods has jumped due to the devaluation of the dollar from oversupply and government overspending. The real world effects of…
