Convertible Bond Fund
A Convertible Bond Fund is a mutual fund or ETF that invests primarily in convertible bonds—hybrid securities that can be converted into a predetermined number of the issuing company’s shares. These bonds offer fixed income with the potential for equity-like upside if the underlying stock performs well. Convertible Bond Funds are designed to provide a mix of income, capital appreciation, and lower volatility compared to stocks. They are suitable for investors seeking growth potential with moderate income and risk.
