Coco funds are among best fixed income performers while China-focused funds were among the worst on a three-year return basis at the end of the second quarter.
Tag: Contingent Convertible
Bluebay: Mispricing a boost for cocos
Contingent convertible (coco) debt of European banks is mispriced relative to other bank debt and this presents an arbitrage opportunity, argues Marc Stacey, portfolio manager at Bluebay Asset Management.
