Last year was certainly a roller coaster ride for many investors. From the pandemic and a slowing economy to political uncertainty, volatility reigned supreme. And while the market did finally eke out a positive return for the year, many asset classes moved between losses and gains throughout 2020. However, there was one oft-ignored segment of the market that managed to have a banner year from start to finish.
And that was convertible bonds.
The esoteric stock-bond hybrid put up one of their best performances in recent history. The right combination of factors allowed convertibles to be a top play. The best part is that these factors are still persisting in the new year. For investors, looking at the security type could provide plenty of high income and gains potential in 2021.
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