Invesco’s Man also says that he prefers high-quality investment grade over high yield at the moment.
Tag: CoCos
CoCos: A bet on banks’ financial health
Contingent convertible (coco) bonds carry conversion risk but promise high yield with low volatility and diversification, according to Lloyd Harris, London-based fixed income fund manager at Old Mutual Global Investors.
Regulatory support boosts CoCos
A favourable regulatory approach should make contingent convertibles (CoCos) an attractive yield- generating product, said OMGI’s Michael Sullivan.
High yield China CoCo bonds require caution
Chinese banks are offering contingent convertible bonds that can provide yield similar to high yield property products, but carry commensurate risk that isn’t always obvious, said Martyn Simpson, principal at Mercer in Singapore.
