In “Convertibles & Rate Hikes,” Pier 88 reviews how equities and investment grade convertible bonds have performed during periods of rising interest rates.
The letter examines historical rate-hiking cycles, convertible bonds’ sensitivity to their underlying equities, and the investment team’s outlook for the asset class.
To read the full letter, please download below:
The companies identified do not represent all of the companies purchased, sold or recommended for portfolios advised by Pier 88 Investment Partners, LLC. The reader should not assume that investment in any company was or will be profitable. Additional information including a list of all companies is available upon request.