Column by Gabelli Funds

Reasons to Remain Optimistic in the Convertible Space


Pixabay CC0 Public DomainBonos convertibles . Bonos convertibles

Author: Cecilia Prieto

  1. U.S. stocks gained for a fifth straight quarter, the longest run since 2007, and this year’s first-half performance was second only to 1998.
  2. Mergers and acquisitions activity remained vibrant in the second quarter with $1.6 trillion in announced deals - a new record – bringing global deal volume in the first half to $2.8 trillion, also a record.
  3. Convertibles remain a very attractive way for companies to raise capital quickly at agreeable terms, and we anticipate that 2021 will be another year of strong issuance.