ACV News and Press, AllianzGI Diversified Income & Convertible Fund of Beneficial Interest From 07/22/23

2023-07-22 10:45:00 ET Summary Ensemble Capital Management, LLC is based in Burlingame, California, midway between Silicon Valley and San Francisco. The firm offers customized portfolio management and philanthropic solutions with unparalleled client service. Despite not owning man...

2023-07-21 16:46:20 ET Summary The Virtus Diversified Income & Convertible Fund has provided attractive returns this year after taking a hit along with the rest of the market last year. The fund's discount remains attractive and has widened after starting the year off at a pre...

2023-06-01 16:13:40 ET Elastic press release ( NYSE: ESTC ): Q4 Non-GAAP EPS of $0.22 beats by $0.12 . Revenue of $279.94M (+17.0% Y/Y) beats by $2.37M . Q4 Elastic Cloud Revenue of $112 million, up 28% year-over-year (30% in constant currency) Total su...

2023-05-26 02:40:00 ET Summary The double-digit declines in equity and credit markets in 2022 set the stage for compelling opportunities in convertible securities. We see attractive yield potential in select convertibles trading below par (“busted” convertibles). ...

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income &...

2023-04-27 14:09:00 ET Pegasystems press release ( NASDAQ: PEGA ): Q1 Non-GAAP EPS of $0.23 misses by $0.14 . Revenue of $325.47M (-13.4% Y/Y) misses by $26M . Annual contract value ( ACV ) grows 15% year over year (constant currency) Focus on profi...

2023-04-23 00:38:51 ET Summary ACV splits its portfolio primarily between convertible and equity exposure but also carries some exposure to high-yield bonds. The sector allocation is tilted toward tech, meaning the fund struggled through most of the last year when growth was weak....

2023-04-22 09:00:00 ET Summary For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatil...

2023-04-19 08:46:57 ET Summary The ICVT ETF provides a low-cost way to gain convertible bond exposure. During bull markets, convertible bonds can deliver equity-like returns due to their embedded options. I believe the ICVT is a relative buy compared to actively managed conver...

2023-04-09 10:47:42 ET Summary ACV has a significantly large asset base, offers monthly payouts and has been generating a strong yield since the time this fund has been in operation. ACV’s portfolio reflects its preference for less-volatile asset categories, but at the same...