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Investment Ideas
SPDR Convertible Bond ETFs
Delivering in volatile markets.
Convertible bonds are debt securities that combine features of both debt and equity. They have many of the characteristics of traditional corporate bonds, but have an embedded option for the holder to convert the bond into a predetermined number of shares.
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Why Global Convertible Bonds?
Key Benefits
- Upside participation: the option to convert allows investors to participate in rising markets as the value of the option rises along with equities.
- Downside cushion: when equity markets fall (and the value of the equity option decreases) the bond floor kicks in, potentially protecting the portfolio.
- Diversification: the asymmetric nature of convertible bonds and their convexity mean more de-correlation from equities in sell-offs, thereby diversifying the overall allocation.
Related Products
A Pioneer
1st
The world’s first passive global convertible bond ETF
Range
3
SPDR products available in unhedged, EUR-hedged and CHF-hedged
Track Record
5 Yrs
SPDR launched its convertible bond ETF in October 2014