Convertible bonds give the best of both worlds – here are three to buy now

Each week, a professional investor tells MoneyWeek where he’d put his money now. This week: Maxime Perrin, senior analyst, Lombard Odier Convertible Bonds Fund.

Investors in stocks – particularly those who have favoured developed markets – have done well over the last two years. Most will be sitting on handsome gains generated by recovery in the US, a reinvigorated Japan and a stabilising Europe.

Combine this tidy profit with the apparent calm in markets, and low – some would say ominously so – volatility, and you can see why many wise investors are looking to reduce their risk. However, given that [...]

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