- From the beginning of the sell-off on Feb. 20 to their low point on March 23 of 2020, the ICE BofA US Convertibles Index had declined by roughly 26%.
- Performance has continued to improve since then - the ICE BofA US Convertibles Index climbed by more than 46% in 2020, from Jan. 1 through Dec. 31.
- Adding up the returns and the issuance, the size of the US convertible market has expanded from $212 billion at the end of 2019 to $325 billion as of the end of November 2020, growth of over 50%.
For further details see:
After Their 2020 Run-Up, Do Convertibles Make Sense For 2021?