Global convertible bonds
The global convertible strategy primarily invests in convertible bonds issued by entities in developed markets and focuses on liquidity and quality of the bonds. Performance is achieved by mobilizing three skillsets to select and weight convertible bonds within the portfolio:
- Sector and country rotation: Opportunistic approach to investing in global convertible bond markets that provide the targeted risk/return profile depending on market conditions.
- Security selection: Identification of eligible securities based on detailed credit analysis. This analysis also focuses on the issuer’s strength to further increase the equity price and as a consequence the equity part of the convertible bond.
- Option valuation: The aim is to utilize opportunities of possible mispricing regarding the option part of the convertible bond and as a result enhance the risk/return profile.
This strategy is available via segregated account or a UCITS compliant pooled fund.
Pooled fund materials
Data Privacy Notices
Macquarie Global Convertible Fund
Key Investor Information Document (KIID)
Please note that these documents must be read in conjunction with the prospectus. The prospectus is available in English or German.
Total expense ratio information
- The Sub-Fund’s core portfolio consists of convertible bonds with a high degree of diversification.
- The Sub-Fund invests opportunistically in debt instruments with a lower credit quality.
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than you paid for them. If your currency as an investor is different from the reference currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The Sub-Fund is subject to the following risks:
- Securities that combine the elements of debt and equity and the risks associated with both, including greater volatility than for straight bond investments with an increased risk of capital loss.
- The market for investments in emerging market countries may be less developed and it may be difficult for the Sub-Fund to sell its investments in such markets. Investing in emerging markets can be riskier than investing in established markets due to increased volatility and lower trading volume.
- Certain derivatives could increase the Sub-Fund’s volatility or expose the Sub-Fund to losses greater than the cost of the derivatives.
- Certain securities could become hard to value, or to sell at a desired time and price.
For full details of the Sub-Fund’s risks, please refer to the prospectus available as mentioned in section “Practical Information”.
These documents are available via the following link: http://www.macquarie.com/mgl/com/mim-emea/en/sicav