HE CASE FOR CONVERTIBLES

摘要

Convertible bonds trounced the rebounding stock market in 2009, with the Merrill Lynch All Convertibles All Qualities Index returning 49.1 % to the S&P 500's 26.5%. Investors noticed, and assets flowed into convertible bond mutual funds. Calamos Convertible, one of the oldest and best in the field, saw assets more than quadruple, to more than $3 billion.