Convertible Advantage

 

Convertible securities are interest-bearing, hybrid securities that participate in equity upswings while enjoying bond-like yields that protect against falling markets. Convertibles deliver asymmetric returns; they tend to enjoy two-thirds of the gains generated by a broad market advance while experiencing only one-third of market declines. Klocke Capital Group specializes in constructing diversified portfolios of high yielding, risk-averse convertible securities.