Written by Nick Ackerman, co-produced by Stanford Chemist
AllianzGI Diversified Income & Convertible Fund (ACV) has been being brought up recently - in the CEF/ETF Income Laboratory and comments on articles. I don't personally hold any fund with a great emphasis on convertible bonds. Additionally, there aren't very many pure-play convertible funds that invest in those securities exclusively. They are paired significantly with equities or other fixed-income investments. In the case of ACV, they choose a hybrid portfolio of convertibles, matched with an emphasis on equities. Though, they have a mix of high