Virtus Convertible & Income Fund II, managed by Allianz Global Investors, is a closed-ended fixed income mutual fund focusing on the U.S. market. It primarily invests in convertible securities and high-yield bonds that are below investment grade, aiming for a mix of income and growth. The fund selects investments through fundamental analysis and proprietary research, targeting securities with maturities between five to ten years. Originally known as AGIC Convertible & Income Fund II, it was established in 2003 and is based in the United States.
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…
The Consumer Price Index recently revealed that, contrary to proclamations from the White House that inflation is down, it is only the rate of inflation growth that has slowed down. Prices of…
