- SPDR Bloomberg Barclays Convertible securities ETF is State Street Global Advisors' play on the convertible securities market.
- Providing equity like upside during good times with the added protection of bond-like features during bad times, this product, like its direct competitor ICVT, has distinct hybrid like features.
- The massive bull run into the end of the year has yielded extraordinary returns for the ETF, heaped with a range of convertibles in more risky enterprises.
- But changes in monetary, fiscal and policy environments may spell lasting changes for hybrid credit markets.
For further details see:
SPDR Bloomberg Barclays Convertible Securities ETF - Unlikely To Replicate Mammoth Returns In 2021